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Trade ministers begin make-or-break WTO talks

Top trade officials begin a make-or-break session of world trade talks on Monday, haunted by failed efforts in 2006 and 2007 and concern over whether the United States can deliver on a deal.

Posted: Monday, July 21, 2008, 9:20 (BST)
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Top trade officials begin a make-or-break session of world trade talks on Monday, haunted by failed efforts in 2006 and 2007 and concern over whether the United States can deliver on a deal.

World Bank President Robert Zoellick has called the meeting "now or never" for the Doha round, which was launched nearly seven years ago with goals to cut farm subsidies and tariffs, and to help developing countries prosper through trade.

The talks also cover manufactured goods and services, areas where rich countries like the United States and the European Union hope to make gains that will help them sell politically painful farm trade reforms at home.

"Soaring fuel and food prices are a stark reminder of the continuing inequalities of global agriculture trade. Developed countries are today responsible for the greatest distortions in the global trading system," Egypt's Trade Minister Rachid Mohamed Rachid said.

"At a time of so much suffering among poorer members, rich nations must resist protectionism, shoulder their responsibility and make the necessary policy changes," he said in a statement.

Brazil's Foreign Minister Celso Amorim, sounding a hopeful note, said this week's meeting could produce a new draft text of a deal in the agriculture and manufactured goods talks.

A paper crafted by World Trade Organization Director-General Pascal Lamy should appear on Friday, Amorim said, after a developing country meeting on Sunday.

PAST FAILURES, FUTURE UNCERTAINTY

The Doha round, launched in a moment of global solidarity after the September 11 attacks on the United States, has been notable mainly for its meltdowns since then.



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