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WTO - Lamy urges breakthrough in trade negotiations

17
Apr '07
There are, of course, trade initiatives being pursued on bilateral and regional levels. But these are exclusive to only a relatively small group of countries, and their coverage of the liberalisation and integration agenda is only partial.

They cannot compare with the potential of the Doha Round to deliver trade opening on a global scale, and to tackle the toughest areas where trade restrictive and distorting measures still prevail. Failure of the Round would strip the global economy of one of its most powerful and enduring sources of strength and stability.

Second, improving trade opportunities for developing countries is at the heart of our international strategy to promote development and alleviate poverty. Trade restrictions that continue to penalize their exports and handicap their economic growth, particularly the poorest amongst them, are a travesty of justice and a denial of our commitment to achieve the Millennium Development Goals. We need better market access and more balanced rules that allow developing countries to reap the benefits of globalisation.

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Click here for Speaking Notes, World Bank Development Committee Meeting:


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