Trade Ministers Skeptic over WTO Prospects
South Africa's trade Minister, speaking in the sidelines of World Economic Forum, has said World trade agreement is unlikely to conclude this year as USA would try to delay the deal due to mid-term U. S. congressional elections.
Speaking at the informal meeting of Trade Ministers in the Swiss ski resort of Davos, Rob Davies told Reuters, "All the indications are that it's an incredibly controversial matter in the U. S. Congress and I don't think they have yet defined a sustainable approach to conclude the round."
Davies, blaming the United States for foot-dragging, called for earlier completion of the deal for the least developed countries to reap its benefits.
Obliquely indicating toward US who only sent a Deputy Ambassador and no political representative at the Forum's meet, Brazilian Foreign Minister Celso Amorim also termed it unlikely for the Doha talks to get completed very earlier despite the commitment made by leaders of the G20 grouping of major economies, including President Barack Obama for completing Doha round in 2010.
WTO Director-General Pascal Lamy, meanwhile, hoped that forthcoming meetings would yield a fruitful outcome and emerging economies like India and China would play a positive roll to conclude the stalled talks.
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