MEMBERS
of the 153-nation World Trade Organisation (WTO) will welcome Russia into the
fold and discuss ways to open up government procurement contracts to foreign
competition at a meeting in Geneva next week, but the 10-year-old Doha round of
commerce liberalisation will not be a topic for negotiation.
Diplomats concede that the Doha talks launched
in Qatar's capital in 2001 with the intention of boosting global trade flows
have morphed from an ambitious undertaking to an embarrassing deadlock, as
major trading nations such as Brazil, China and the United States remain
divided on key issues.
None are willing to publicly declare Doha
dead, but few can muster much motivation to talk up the chances of a deal.
Where once there was mention of "windows of opportunity", one
European diplomat recently summed up the sentiment to reporters as: "We
are willing to keep a candle burning for Doha."
WTO spokesman Keith Rockwell said yesterday
that ministers would "certainly cover the Doha round" during their
working sessions at the three-day meeting starting Thursday. "But there
will not be any Doha negotiations," he added.
Instead, the focus will be on expanding the
Government Procurement Agreement, a measure that could add between US$80
billion and US$100 billion to global trade each year, said Rockwell.
Talks overseen by Swiss diplomat Nicholas
Niggli were hinged on whether the US and the EU would accept each others'
offers.
Rockwell said the accession of three new
members Russia, Samoa and Montenegro would also be a noteworthy event for the
global trade body.
Russia the largest economy still outside the
WTO had been trying to join for 18 years, until a Swiss-brokered deal with
Georgia cleared the last major hurdle for Moscow last month.
Trade chiefs have seized on Russia's
membership as a sign of the continued relevance of the WTO, despite its failure
to conclude a new global free trade pact.
AP
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment