World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

WTO Chief: Members 'Within Reach Of A Major Step'

WTO chief says members 'within reach of a major step' toward new trade deal

21 July 2008 - The head of the World Trade Organization (WTO) today said he was convinced that the organization's member states would be able to reach agreements on international trade, as this week's meeting of the Trade Negotiations Committee got under way this morning.

Referring to the Doha Round of negotiations on international trade which began in 2001, WTO Director General Pascal Lamy said that members are "within reach of a major step in our drive to conclude the Round this year" and added that he could think of "no stronger spur for our action than the threats facing the world economy across several fronts, including rises in food prices and energy prices and financial market turbulences."

"There is widespread recognition that a balanced outcome of the Doha Round could in these circumstances provide a strong push to stimulate economic growth, providing better prospects for development and ensuring a stable and more predictable trading system," Mr. Lamy stressed.

In his opening remarks to the Committee Mr. Lamy said that the aim of this week's negotiations was to establish formal blueprint agreements for trade in agriculture as well as industrial products.

After Mr. Lamy's address, 30 ministers from participating countries addressed the informal session of the Committee, with more delegations from the WTO's 152 members expected to speak tomorrow.

ENDS

Latest World News | Top World News | World Digest | Archives | RSS

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC