The consistent failure of rich countries to fulfil their promises is threatening to undermine world trade talks and perpetuate inequality and poverty, warned international agency Oxfam in a report released this week. With less than a week to go before the World Trade Organisation (WTO) meets in Geneva to negotiate reform proposals, Oxfam is accusing rich countries of neglecting developing country needs and imperilling the entire Doha Development Round. According to Oxfam’s report, 'One Minute to Midnight', the draft negotiating text released earlier this week by the WTO shows evidence of considerable rich-country influence and does not adequately address key areas of interest for developing countries, like export dumping and market access. Because of this imbalance, the talks next week may fail, which would have dire consequences for the future of multilateralism and global poverty reduction.