Sunday, December 12, 2010

World Trade Organization Director-General: 12% of world trade fell last year.

<P> The World Trade Organization Director General Pascal Lamy 24, said the economic crisis of world trade fell 12% last year, the biggest decline since 1945. .</ P> <P> Lamy day morning to attend the EU think-tank in Brussels, "European Policy Center," published in activities organized by the figure. .He said that this was the worst since the end of World War II record. .</ P> <P> WTO previously estimated by the financial and economic crisis, world trade last year, would drop more than 10%. .The International Monetary Fund forecast in January of this year, the World Trade last year fell 12.3% to 5.8% this year, growth is expected to return. .</ P> <P> Lamy believes that the severity of atrophy of world trade makes the completion of the Doha Round negotiations, it is extremely urgent. .</ P> <P> the developed and developing countries in agricultural and non agricultural market access issues such as differences in Nan Xiao, since 2001 the Doha Round negotiations so far failed to achieve a breakthrough, more than the previous set of negotiations .deadline were missed. .</ P> <P> Pascal Lamy said in Geneva on 22, he did not at the end of March as originally planned to convene a WTO ministerial consultations, because under the current situation is too early. .This means that the negotiations have not yet seen significant turn for the better, thus completed during the year cast a shadow over the negotiations. .</ P> <P> early December last year, members of the WTO Ministerial Conference held in 2010 reaffirmed the need to complete the Doha Round negotiations in the first quarter and plans to convene a meeting to assess progress in the negotiations. .</ P> <P> Lamy had warned that if the first quarter of this year, still can not make a breakthrough, then the completion of the Doha Round negotiations in 2010 the plan probably will again abortion. .</ P>.

No comments:

Post a Comment