GENEVA (AFP) — Trading nations are running without of time to salvage the floundering Doha rotund talks on liberalizing global criminal converse European Union Trade Commissioner Peter Mandelson warned.

GENEVA (AFP) — Trading nations are running without of time to salvage the floundering Doha rotund talks on liberalizing global criminal converse European Union Trade Commissioner Peter Mandelson warned.

"If we don't revolve things around in the nearest two weeks, we will not make a breakthrough this summer and then we will be facing defeat," Mandelson told reporters after three days of fruitless World Trade Organisation negotiations.

"It is five minutes to midnight," he warned.

The 149 members of the WTO had given themselves until the conclusion of June to reach an interim deal onward the calculations for cutting rich countries' farm subsidies and customs duties, as well as import tariffs levied forward manufactured goods by emerging economies similar as Brazil and India.

But they missed their target because of persistent differences athwart the relative concessions required of different members, with negotiators refusing to move the least unless others shifted position first.