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.
Press statement on 'Aid for Trade':The Reality of Aid, an international network of more than 80 national and regional networks representing thousands of civil society organizations, calls the US proposal in the WTO ministerial conference to increase funds for the 'aid for trade' program as 'illusory, deceptive, and destructive.'
The U.S. and EU are attempting to put a 'development spin' at the Hong Kong WTO Ministerial in announcing a 'development package' comprising of aid for trade, non-binding duty free market access for Least Developing Countries and a few other items.
Dramatic rich country promises to help poor countries expand exports could fail without a change in how billions of dollars in aid are managed, Egyptian Trade Minister Rachid Mohamed Rachid said on Wednesday.
The United States warned trading partners on Wednesday that the world would slip back into protectionism without progress in global talks to reform world commerce, stunting economic growth and hitting the poor.