Risks lie ahead following stronger trade in 2006, WTO reports
12 Apr '07
2 min read
“The strong performance of 2006 is welcome, particularly the gains made by developing and least-developed countries,” WTO Director-General Pascal Lamy said. “But this has to be consolidated. The uncertainties that lie ahead are a warning for us not to lose sight of the need to continue to reform the world economy.”
“The best contribution the WTO can make is to keep strengthening the multilateral trading system. One of the unsung achievements of the system is its stabilizing effect on world trade and the global economy."
"A successful conclusion to the Doha Round holds great potential for boosting growth and alleviating poverty. An agreement would also deliver more relevant trade rules, helping to establish a more stable and certain foundation for today's dynamic global marketplace.”
Click here to read Overview of major trade developments in 2006