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Lamy asks India to contribute to a 'win-win' result
06 Apr '06
1 min read
Director-General Pascal Lamy, in a speech to the Indian Council for Research on International Relations in New Delhi on 6 April 2006, called on India to contribute to a "win-win" outcome in the trade talks, stressing that it "has a lot at stake given its interest across the entire negotiating agenda and given the dynamism of its economy".
He added that the developing world would be the "the main losers from a failure of the
Round".
World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level. But there is more to it than that.
WTO is a place where member governments go, to try to sort out the trade problems they face with each other.
At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations.
But the WTO is not just about liberalizing trade, and in some circumstances its rules support maintaining trade barriers — for example to protect consumers or prevent the spread of disease.
He added that the developing world would be the "the main losers from a failure of the
Round".
World Trade Organization (WTO) deals with the rules of trade between nations at a global or near-global level. But there is more to it than that.
WTO is a place where member governments go, to try to sort out the trade problems they face with each other.
At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations.
But the WTO is not just about liberalizing trade, and in some circumstances its rules support maintaining trade barriers — for example to protect consumers or prevent the spread of disease.
World Trade Organization
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