On the opening day of about a week of negotiations in Geneva, ministers said a Doha Round deal is badly needed because of economic uncertainties

21 Jul 2008

On the opening day of about a week of negotiations in Geneva, ministers said a Doha Round deal is badly needed because of economic uncertainties. They promised to strive to settle their differences on blueprint agreements — “modalities” — in agriculture and industrial products, provided the outcome is balanced.

About 30 ministers spoke in a morning meeting of the WTO’s full membership of 152. More delegations will speak tomorrow when this informal session of the Trade Negotiations Committee continues.

Scheduled for the rest of the day were consultations in a wide range of different forms, including “Green Room” meetings of a representative group of about 40 ministers.

Several speakers picked up a number of themes introduced by Director-General Pascal Lamy at the start of the meeting. He spoke of the difficult task ahead of them, the need to conclude the Doha Round in order to stimulate and stabilize the world economy, the need for WTO members to make an effort as a team to reach agreement.

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Source: WTO News