WTO Director-General Pascal Lamy said on Wednesday he hopes to bring ministers to Geneva before the European summer break to push for a Doha breakthrough.Obama trade hopes fray under crisis pressure - Yahoo! News UK
In the meantime, optimistic negotiators in Geneva have planned a session in May on "scheduling" -- the detailed process of fleshing out the agreed outlines of a deal into thousands of individual tariffs -- so that developing countries will know what to do should a deal suddenly be struck.
An emerging deal, based on negotiating texts ahead of the proposed but cancelled meeting in December, would see rich countries cut farm tariffs and subsidies in return for advanced developing countries opening their markets for industrial goods.
Wednesday, March 4, 2009
Obama trade hopes fray under crisis pressure - Yahoo! News UK
Posted by Anthony J. Pennings, PhD at 11:08 AM