Financial Times FT.com

Poorest nations stand to be big losers

By Frances Williams in Geneva

Published: July 31 2008 03:00 | Last updated: July 31 2008 03:00

Many aid and development groups claiming to speak for poor countries were swift to applaud this week's breakdown of global trade talks, arguing the prospective deal would have worked against development interests.

Yet negotiators for the poorest and most vulnerable nations were in no doubt yesterday that they stood to be big losers from the collapse of the talks, as potential accords on cotton subsidies, bananas and duty-free exports to industrial markets evaporated.

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