"Farm tariffs were the real event"?

[purpletigron]

"Last week, a political battle was concluded that will probably have consequences for far more people than last week's UK general election. At a low-key meeting in Paris, a group of anonymous technocrats finally reached an agreement that brightens the prospects of - literally - billions of people. The occasion was a hastily convened "mini-ministerial" of the World Trade Organisation. And the issue resolved, after months of dispute, was a complex formula for comparing agricultural tariffs. The concepts were arcane, the details mind-boggling, but a remarkable power shift took place - from the European Union to a group of nascent emerging economies."

By Liam Halligan, in the Telegraph