I wonder what the effects of this are going to be?
Ministers saw a "new order" take hold of global trade on Wednesday, with emerging economies calling the shots after World Trade Organisation (WTO) plans collapsed in a potentially devastating blow to millions of the world's poor.

Delegates had struggled for nine days to reach consensus on subsidy levels and import tariffs for a new deal under the WTO's Doha Round, which has foundered repeatedly since it was launched seven years ago.
full story from M&G here