'The chief responsibility lies here,' Lamy advises G-8
18 Jul '06
1 min read
Pascal Lamy
WTO Director-General Pascal Lamy's consultations have only shown “marginal” movement in the negotiations and the responsibility now lies with leaders of the major economies to give their ministers more room to negotiate, he told the Group of Eight Summit in St. Petersburg on 17 July 2006.
Present at the meeting were: leaders of the G-8 — Canada, France, Germany, Italy, Japan, Russia, the UK and the US — and Brazil, the EU, India, China, Mexico and South Africa, and the heads of the African Union, Commonwealth of Independent States, International Energy Agency, International Atomic Energy Agency, United Nations, UNESCO, World Bank and World Health Organization.
World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.