- U.S. and European officials still hope a deal can be struck at a meeting of the World Trade Organization's (WTO) 159 members in Bali even though India has said it won't compromise on subsidizing food for the poor.
- A draft agreement would let India provide the subsidies for another four years, but the country wants to be able to continue its policy indefinitely.
- The failure to finalize a pact this week could seriously damage the WTO's stature, officials have warned. The agreement has already been weakened to the "low-hanging fruits" of the beleaguered Doha round of talks, which have been continuing for 12 years.
WTO credibility at stake as nations struggle to reach deal
Dec 5 2013, 04:18 ET