Thursday, July 28, 2011

WTO fears for global trade agreements

With the Doha negotiations stalled and WTO member countries increasingly entering regional or bilateral trade agreements, the World Trade Organization fears for the future of global trade.

If the Doha trade round is not to drag into its tenth year of negotiations, something needs to happen - and soon. It's with this sense of urgency that World Trade Organization Director-General Pascal Lamy recently addressed negotiators assembled in a committee specifically set up by the Doha Declaration. And it will be with an even greater sense of urgency that he will address them again this Tuesday.

On Wednesday, it's time for Lamy, as the committee's head, to report on the progress - or lack thereof - to the WTO's General Council. (more)