High-Level Negotiations on WTO Global Trade Pact to Resume
04 September 2009
Trade ministers from over 35 countries have agreed to resume high level
negotiations later this month to break a deadlock that has jeopardized
efforts to clinch a global trade pact. The U.S. trade representative
says the global economic crisis has made it imperative to move ahead
with a new trade deal.
|Indian PM Manmohan Singh attends meeting with WTO delegation in New Delhi, 04 Sep 2009|
The chief negotiators of World Trade
Organization members will meet in Geneva starting September 14 to
grapple with issues that brought about the collapse of global trade
talks last year.
The agreement to resume high level talks on
what is called the "Doha Round" came in New Delhi Friday following a
two-day "informal meeting" of trade ministers from over 35 key
Indian Trade Minister Anand Sharma called it a
"breakthrough," and said there was a unanimous affirmation of the need
to clinch a new trade deal.
"There has been a breakthrough in
this meeting. If I can use this expression, the impasse in resuming the
negotiations has been broken," he said.
|Indian Commerce Minister Anand Sharma (file photo)|
India hosted the meet in a bid to revive the stalled trade talks.
main issues holding up the trade pact are worries by developing
countries that liberalized trade could adversely impact the livelihood
of millions of poor farmers, who may not be able to compete with cheap
food imports from developed countries. Proposals to eliminate tariffs
entirely on some industrial goods are also a contentious issue.
The Indian trade minister expressed optimism that a deal will be struck by next year.
Trade Representative Ron Kirk, who attended the New Delhi meeting,
however warned that "hard work" remains to be done because WTO members
have not yet found common ground. He says "substance and content" will
drive the process - not setting a deadline.
Kirk called on big
developing countries like India and China, whose economies are growing
rapidly, to do more to open their markets to free trade.
us, but particularly those countries, that have the ability to make a
contribution to the world's economy, including the advanced developing
economies of India, Brazil, China and South Africa have I think an
added responsibility to make the tough decisions in order to bring Doha
to a successful conclusion," he said.
The U.S. trade
representative says the global economic crisis should push countries to
conclude a new trade deal, which could help to pull the world out of a
But a huge rally by thousands of farmers in New Delhi
on Thursday calling on the government to "ditch Doha" symbolized the
political problems that may lie ahead for developing countries in
striking a deal.
The Doha talks began in 2001 with the aim of
liberalizing trade, and lifting millions of people out of poverty by
giving a boost to global commerce.