Trade breakthrough achievable in weeks: WTO head

Sun Apr 20, 2008 3:25pm EDT
 
[-] Text [+]

ACCRA (Reuters) - A breakthrough in global trade talks is achievable in the next few weeks, World Trade Organisation (WTO) Director-General Pascal Lamy said on Sunday.

Momentum in the oft-stalled trade negotiations has been building up in the past two months. Known as the Doha Round, they were launched in 2001 in a bid to boost the world economy and help developing nations export more.

"At a time when a breakthrough in these negotiations is do-able in the next weeks, we are hopeful that this conference will help to get it done," Lamy told a United Nations Conference on Trade and Development (UNCTAD) meeting in Accra, Ghana.

"If we have a revised compromise text on agricultural subsidies, agricultural tariffs and industrial tariffs sorted by the end of April or the very beginning of May, I think a ministerial (meeting of WTO countries) can take place by the end of May," he said.

(Reporting by Daniel Flynn; Writing by Pascal Fletcher, editing by Ralph Boulton)

 
Photo

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.   Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Bernd Debusmann
America’s perennial Vietnam syndrome

History does not repeat itself, but the wartime struggles of President Obama in 2009 and President Johnson in 1963 are striking in their similarities. Does the ghost of Vietnam still hang over the White House?  Commentary