Members of the World Trade Organization seemed to be making some progress on an initiative to help the world's poorest countries on the third day of the Hong Kong ministerial, where the U.S. has come under intense pressure to provide duty-free, quota-free access to all products from least-developed countries
Rich nations came under fresh attack for refusing to give ground on farm protection at world trade talks on Thursday as nations grouping more than half of the world's population warned of an 'impasse well into the future'.
World trade talks plunged into disarray on Friday as rich nations exchanged accusations over their long-protected farm markets and struggled even to agree on a package of measures to help the world's poorest.
By Chee Yoke Ling, TWN Info Service on WTO and Trade Issues
Some key elements of the 'development package' that has been floated at the Hong Kong Ministerial cannot be taken at face value because neither the EU nor the US can guarantee that they can implement what they have promised
World Trade Organization Director General Pascal Lamy has set a 6 a.m. Dec. 17 deadline for members to offer proposals for amending a Hong Kong ministerial declaration to further define the goals for the Doha round.
Trade ministers from nearly 150 countries will try to break a deadlock in troubled global talks on Thursday, amid U.S. and European sniping over farm subsidies, food aid and measures to help the world's poorest.
Chakravarthi Raghavan, TWN Info Service on WTO and Trade Issues (Dec 2005)
At the WTO Ministerial in Hong Kong for the sixth Ministerial conference, unless developing countries against pressures -- from the WTO leaders, the US-EC-Japan and their transnational corporate lobbies -- they may be setting themselves up for another highly imbalanced outcome and a more oppressive multilateral trading system.