The Doha Development Agenda negotiations are to be suspended because gaps between key players remain too wide. Heads of delegations, speaking in an informal meeting of the Trade Negotiations Committee on 24 July 2006, agreed with WTO Director-General Pascal Lamy that this will be a setback for all members.
Mr Lamy told heads of delegations in the informal meeting that he will recommend a “time out” to the General Council on 27 July. He did not suggest how long the talks will be suspended. They can only resume when progress can be made, which in turn will require changes in entrenched positions, he said. The suspension will apply to all negotiating groups.
“We have missed a very important opportunity to show that multilateralism works,” Mr Lamy told a press conference afterwards.
“The feeling of frustration, regret and impatience was unanimously expressed by developing countries this afternoon.”
He did not say when the negotiations will resume but explained that movement towards a conclusion can only result from internal work within countries. “Now we have to think first at home,” he told journalists.
Mr Lamy reached the conclusion to suspend the negotiations after talks among six major members broke down on Sunday 23 July. Ministers from Australia, Brazil, the European Union, India, Japan and the United States had met in Geneva to try to follow up on instructions from the St Petersburg Summit on 17 July.
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.
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