World trade talks collapse
Mon Jul 24, 2006 9:04am ET147

By Richard Waddington and William Schomberg

GENEVA (Reuters) - Global free trade talks, billed as a once in a generation chance to boost growth and ease poverty, collapsed on Monday after nearly five years of haggling and resuming them could take years.

The suspension of the World Trade Organization's (WTO) Doha round came after major trading powers failed in a last-ditch bid to overcome differences on reforming world farm trade, which lies at the heart of the round.

"The WTO negotiations are suspended," Indian Commerce and Industry Minister Kamal Nath told journalists. When asked how long the suspension could last, he replied: "Anywhere from months to years."

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