Doha trade round faces risk of collapse after 10 years of talks

World Trade Organisation chief warns of grave situation ahead of Geneva crisis meeting
Make-or-break talks will be held in Geneva this week to rescue the troubled Doha international trade round, amid fears that a deepening rift between rich and poor countries will see the collapse of almost 10 years of negotiations.
After months of stalemate, the World Trade Organisation has set a deadline of Friday for the leading players to cut a deal in the key area of industrial tariffs. Pascal Lamy, the WTO’s director general, described the situation as “grave” after seeing no signs of a breakthrough since the start of 2011.