The main development in recent months was the WTO ministerial conference in Cancún in September which failed to reach agreement on the way forward in the current round of multilateral trade negotiations.
In the lead up to Cancún, the mid-term review of the Common Agricultural Policy and the EU-US accord on agriculture had demonstrated the EU's commitment to participating constructively in the negotiations and to seeking a positive outcome. However, due to the complexity of the issues involved and the diversity of positions held, it was not possible to reach agreement.
I believe the failure at Cancún was a missed opportunity for all of the negotiating parties, but in particular for the developing countries who stand to gain real benefits from a new agreement.