
9 March 2006
The deadlock in international trade talks can be broken if Australia, Brazil, the European Union, India, Japan and the United States come up with an overall formula for worldwide reduction of tariffs on agricultural and industrial goods, Commonwealth Secretary-General Don McKinnon said today in advance of tomorrow's 'G6' Trade Ministers' meeting in London. The deadline set by the World Trade Organisation (WTO) for frameworks for the agreements on agriculture and industrial goods is 26 April.
"The world expects a breakthrough on the
Commonwealth Heads of Government, in their November 2005 Valletta Statement on Multilateral Trade, issued on the eve of the WTO Hong Kong summit, stressed the crucial importance of increased trading opportunities as the most potent means of combating global poverty. "All 53 Commonwealth countries - rich and poor and spanning every continent - reject the inequities of current multilateral trade agreements," said Mr McKinnon. "At tomorrow's G6, we know that the Commonwealth position will be heard."
The Valletta Commonwealth Statement stressed that a true development Round must include the following: