Wolfowitz urges accord on trade

0 Comments | AFP, July, 2006

WASHINGTON (AFP) — World Bank President Paul Wolfowitz urged the leaders of the Group of Eight as well as of Brazil, China, India, Mexico and South Africa to reach an agreement in the Doha round trade talks when they meet in St. Petersburg, Russia, on July 17.

Wolfowitz said the upcoming gathering of the G8 members and the planned outreach session with leaders from China, Brazil, India, South Africa, Mexico, the African Union and international organizations "offers a unique opportunity we must take advantage of if we are to make urgently needed progress in the Doha trade talks."

"We can work to lift millions from poverty, boost developing country income, improve global market access and reduce taxpayer and consumer costs for all -- or allow the whole effort to...