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.
Developing nations went on the offensive on Thursday as trade talks limped into their third day, with Washington and Tokyo under pressure to accept a duty-free, quota-free exports deal for the world's poorest countries.
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.
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.