WTO talks enter tense endgame: officials

0 Comments | AFP, July, 2008

GENEVA (AFP) — Talks to forge a new global trade pact teetered on the brink of collapse Tuesday as the World Trade Organization said the mood was "very tense" and major powers blamed each other for the deadlock.

"The situation is very tense, things are finely balanced and the outcome is by no means certain," WTO spokesman Keith Rockwell told reporters as marathon talks stretched into their ninth day.

He added that delegates were focussing on the sticking point of import tariff changes. India and the United States earlier accused each other of delaying progress towards an agreement on the issue.

The bargaining is aimed at securing consensus on measures to reduce barriers to global commerce under the so-called Doha Round, which has repeatedly foundered since...

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works. MyWire
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)