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WTO failure bodes ill for climate change: delegates GENEVA, July 29 (AFP) Jul 29, 2008 The failure of key powers to agree a new pact on global trade does not bode well for international cooperation in other areas such as climate change, top delegates warned Tuesday. The European Union's agriculture commissioner Mariann Fischer-Boel told journalists that the collapse of talks after nine days at the World Trade Organization headquarters in Geneva would have "wider consequences than we have ever seen before". "If we cannot even manage trade, how should we then find ourselves in a position to manage the new challenges lying ahead of us" such as climate change, Fischer-Boel said. Her point was echoed by Australian Trade Minister Simon Crean, who said that success here in Geneva would have been an "important signal" ahead of new international negotiations on climate change that are set to start next year. The EU earlier this year pledged to reduce its greenhouse-gas pollution by 20 percent by 2020 compared with a benchmark year of 1990. Hoping to spur the United States, Japan and Canada, the EU promised to deepen this to 30 percent if other rich economies followed suit. All rights reserved. � 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
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