Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi and Jordanian foreign ministers discuss Gaza situation    HR Ministry approves regulations for job ads and interviews in private sector    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Saudi market shows resilience in Q1 2025 despite global volatility: Report    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



WORLD TRADE ROUND FACES CRISIS - WTO'S LAMY
Published in Saudi Press Agency on 30 - 06 - 2006

WORLD TRADE ORGANISATION (WTO) CHIEF PASCAL LAMY, IN HIS DIREST WARNING YET, SAID ON FRIDAY GLOBAL TRADE TALKS WERE HEADING FOR A CRISIS BUT HIS WORDS FAILED TO STIR NEGOTIATORS INTO NEEDED CONCESSIONS, REUTERS REPORTED.
ADDRESSING THE WTO'S 149 MEMBER STATES, INCLUDING SEVERAL DOZEN TRADE MINISTERS, LAMY SAID THE TRADE ROUND'S FAILURE WOULD DAMAGE THE WTO AND THE MULTILATERAL TRADING SYSTEM.
"WE ARE PUTTING AT RISK THE FUTURE OF THE DOHA ROUND ... IF WE DO NOT TURN THINGS AROUND RADICALLY IN THE NEXT FEW HOURS OR DAYS, WE WILL FRANKLY BE FACING A CRISIS," HE SAID. "WE ARE WELL INTO THE RED PART OF THE RED ZONE."
SOME 60 MINISTERS, A THIRD OF THE WTO, ARE IN GENEVA IN A BID TO THRASH OUT A PACT BY SUNDAY ON FARM AND MANUFACTURING TRADE, CORE AREAS OF THE WTO'S DOHA ROUND.
WITHOUT A DEAL IN THESE KEY AREAS THIS WEEKEND, LAMY SAYS THE WTO WILL RUN OUT OF TIME TO CONCLUDE THE ROUND, WHICH ALSO INCLUDES COMPLEX ISSUES SUCH AS SERVICES, BY THE END OF THE YEAR, WHICH IS THE ABSOLUTE CUT-OFF.
THE TALKS PIT THE EUROPEAN UNION AND THE UNITED STATES AGAINST EACH OTHER AND AGAINST LEADING DEVELOPING STATES.
BRAZILIAN FOREIGN MINISTER CELSO AMORIM SAID HE SAW NO SIGN OF MOVEMENT AFTER TALKS IN THE SO-CALLED G6, THE UNITED STATES, THE EU, BRAZIL, INDIA, AUSTRALIA AND JAPAN.
"I DON'T SENSE, UNTIL NOW, ANY SIGNIFICANT PROGRESS," HE TOLD REPORTERS, ADDING THAT HE DID NOT SEE MUCH CHANCE OF THINGS CHANGING OVER THE NEXT COUPLE OF DAYS.
"SOMETIMES YOU NEED A CRISIS FOR AN AGREEMENT (TO COME)," HE SAID.
LAUNCHED IN 2001 TO BOOST THE GLOBAL ECONOMY AND TACKLE POVERTY, THE ROUND IS FAR BEHIND SCHEDULE DUE TO DEEP DIVISIONS, PARTICULARLY BETWEEN DEVELOPED AND DEVELOPING STATES.
BUT WHAT HAD ALREADY BEEN AGREED, SUCH AS AN END TO FARM EXPORT SUBSIDIES BY RICH STATES, WAS ALREADY MORE THAN HAD BEEN ACHIEVED IN ANY PREVIOUS TRADE ROUND, LAMY SAID.


Clic here to read the story from its source.