There have been 12 rounds of talks so far as political representatives try to hammer out an agreement on mackerel quotas.

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OPEC's agreement to increase oil quotas topped out Schlumberger and Halliburton and created massive hemorrhaging in the drillers.

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Those that have managed to build a textile industry, such as Lesotho and Mauritius, have suffered from Chinese competition and the end of the Multi-Fibre Agreement, which set quotas for exports from poor countries.

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The U.S. and Japanese government reached the Voluntary Restraint Agreement (VRA) which essentially placed quotas on Japanese imports.

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Scottish fishing leaders have said they are disappointed that fresh discussions led to no agreement to end the long-running dispute over mackerel quotas.

BBC: Mackerel

Prime Minister Abhisit Vejjajiva flew to China in November, and signed an agreement with Chinese government officials to promote Thai soaps and exempt them from foreign-content quotas that state regulators there sometimes slap on broadcasters.

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