WTO Leader Hints at Doha ConclusionTue, 19 Oct 2010 17:12:26 CDT
The Director General of the World Trade Organization says is time to bring Doha negotiations to a higher gear. At an informal meeting of the WTO Trade Negotiations Committee, Director-General Pascal Lamy said - the foremost challenge facing us all over the next several weeks is to take this engagement to a higher gear by going deeper and wider in the discussions, as a prelude for the “give and takes” that will be required to build a final package.
The Director-General reported that over the past year the multilateral trading system has proved its worth as an insurance policy against protectionist pressures in major economies driven by domestic concerns over job losses and falling business activity. And precisely because international trade has remained open, it will be a leading force in the economic recovery which seems to be gaining ground.
According to Lamy, there is a wide-spread and determined commitment towards concluding the Doha Round. Concluding this round is not only about generating new growth opportunities for all of the WTO membership. It is about reinforcing a global partnership which firmly establishes trade opening at the service of development. And it is about strengthening the transparency and predictability of the multilateral trading system which have been so fundamental throughout the crisis.
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