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Negotiations for a new global agreement at the World Trade Organization have failure |
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Thursday, 31 July 2008 |
The General Director of World Trade Organization WTO Pascal Lamy formally announced that negotiations for new global trade agreement have been failures, which became inevitable after the clash between U.S., India, China and Indonesia on matters of agriculture and the protection of poor farmers against major foreign competition.
By India and China want the inclusion of a special clause in the contract that would happen in a lower level of imported goods in the domestic market in order to protect local producers and with this request met hard rebuffed U.S. and other countries Who in turn wanted the clause to be included at higher levels, so as not prevent exporters.
Washington's trade representative said that they were near agreement, but not losing hope that the agreement will be reached the negotiating table. Many representatives of other countries have expressed regrets for the failure of negotiations in the Doha Round. It may take three or four years until they are renewed negotiations is the view of Foreign Minister Amorin of Brazil.
Most participants in the round of Doha expressed regret for the failure of negotiations - and the President of International Chamber of Commerce Tom Donahyu, and Indonesian Minister of Trade Mari Elka Pangestu, and the head of the Brazilian Association of Export Jose Augusto de Castro. Regrets for negotiations due to various reasons, a trade commissioner Peter Mandelson EU expressed disappointment that the draft global agreement is failed because of a single element in the whole package of proposals. |
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