Global trade talks 'to resume'

I found this story at: http://www.cnn.com/2007/BUSINESS/01/27/davos.trade.reut/index.html

It deals with a global trade agreement, started in 2001 after sept. 11th led to worries about the global economy, which had been called off last july due to disagreements.

now, the accord may be reached, as nations and business groups alike have agreed to make more compromises.

the article does not go deeply into what the compromises would be, but it mantions that they entail "Washington [needs] to make deeper cuts to farm subsidies, the EU and some leading developing country importers, such as India, [need] to accept lower farm tariffs and developing countries as a whole [need] to slash industrial duties."

as far as my understanding of economics thus far goes, though i know each country is trying to maximize its own profits and efficiency, it appears counterproductive to slash the industries of developing countries as that will prohibit creative destruction. and it will make specialization more difficult.