Doha: A Time for Action, Not More Concessions

By May 19, 2008Trade

From Reuters:

BRUSSELS (Reuters) – European and U.S. businesses warned on Friday that the chances of clinching a long-elusive world trade deal will be undermined if more concessions are offered to China, India and other big developing nations.

The World Trade Organisation’s Doha negotiations for freer trade around the planet, launched more than six years ago, face a possibly decisive next few weeks.

WTO mediators are due to publish proposals in coming days on how to bridge big differences on farm and industrial goods, which they hope will pave the way for a push by ministers for a breakthrough in June or July.

The National Association of Manufacturers and Business Europe sent a letter to Pascal Lamy, head of the WTO, urging negotiators “to maintain a strong sense of market access ambition”.

A copy of the letter is available here.

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