WORLD NEWS: "Asia Seeks Its Own Trade Deals as Global Talks Stall: Southeast Nations Set Pacts With India And Australia," by Patricia Kowsmann and P.R. Venkat, Wall Street Journal, 29 August 2008, p. A10.

Will be largest FTA ever concluded by Australia. Think that won't change things? Naturally, Australia's food producers will benefit greatly. No coincidence that the "Saudi Arabia of milk," New Zealand, also getting a deal.

This is a classic response to stalled global trade talks: get things going regionally.

Globalization at work at a regional level.