WTO Chief Warns Trade Talks Could Collapse

The World Trade Organization (WTO) head, Roberto Azevedo, has warned global trade deal talks face collapse.

Mr Azevedo’s comments came after WTO members failed to agree on a text to be presented to trade ministers next month to reach a deal.

A potential global deal, first since the WTO was formed, could add nearly $1tn (£617bn) to the world economy.

Mr Azevedo said that negotiations had been hurt as members “stopped making the tough political calls”.

“This prevented us from getting to the finish line,” the director-general added.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza