Archive - Jul 2006

Leaders of the Group of Eight major industrial countries on Sunday recommended a two-week extension for a deadline aimed at breaking the impasse over long-stalled global trade negotiations.

Group of Eight leaders met key developing countries on Monday to give a push to world trade talks at a big-power summit strained by divisions over the Middle East.

Leading industrial powers will aim to move forward the global trade negotiations, which failed at the World Trade Organisation (WTO) in June, when they meet at the G8 summit in St. Petersburg, Russia, from tomorrow. Development and environment groups as well as trade unions condemn this as illegitimate.

U.S. Trade Representative Susan Schwab last Friday (July 7) insisted the only Doha deal the U.S. will accept is an ambitious one, and stressed that this requires a definition of how sensitive agriculture products will be treated so that members will know exactly how much market access they are to get.

There has been an unusually quiet atmosphere at the World Trade Organisation since the Ministerial-level meetings ended on 1 July without substantive result.

Commerce & industry minister Kamal Nath on Wednesday said that India cannot offer further market access in agriculture and industrial goods sector, till developed countries agree to reduce agriculture subsidies substantially.

The EU must pursue an aggressive agenda to open foreign markets to its goods and services even if the current round of world trade liberalisation talks is successful, according to a paper drawn up by the directorate-general of Peter Mandelson, the European commissioner for trade.

As President Bush once tried to say, "Fool me once, shame on you. Fool me twice, shame on me." Paul Wolfowitz, who fooled us once when he was pitching the line about weapons of mass destruction in Iraq as the Deputy Secretary of Defense, is now out to fool us again.

A new report released today by the Center for Economic and Policy Research (CEPR) finds that U.S. imports, measured in non-dollar currencies, are projected to decline over the next decade.

Contents: The Lamy challenge; Changing the rules of the game; The truth about Doha; Important dates to remember; Documents