wto
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FOR IMMEDIATE RELEASE |
CONTACT: Center for Economic and Policy Research (CEPR) |
Attempt to Convene Another Last-Minute WTO 'Mini-Ministerial' Collapses in the Midst of Global Recession
WASHINGTON - December 12 - Today, WTO Director-General Pascal Lamy dropped his latest attempts to push through a conclusion to the Doha Round of WTO expansion by suspending his call for yet another "mini-Ministerial" meeting this month in Geneva. Talks aimed at building sufficient consensus to justify the potential mini-Ministerial broke down this week over additional U.S. demands that developing countries, particularly China and Brazil, reduce their tariffs on certain sectors of industrial goods in their economies to zero.