After more than a week of bitter wrangling, WTO talks on a new world trade pact broke down in Geneva, largely due a disagreement between the US and India over agricultural import tariff measures. (Picture: Susan Schwab, US Trade Representative).
After nine days of negotiations between the principal members of the World Trade Organization (WTO) in
According to sources close to the negotiations, the
The delegates from the principal member countries will now have to step back and assess the breakdown of the trade negotiations. WTO Director General Pascal Lamy has addressed all 153 member countries about the latest failed talks and hopes to revive the Doha Round. The Doha Round, launched in 2001 shortly after the September 11 attacks, was originally expected to end in 2004.
The safeguard mechanism measures that were at the heart of the collapse would allow a country to apply exceptional tariffs on agricultural goods in the event of an import surge or price fall. The measures, called SSM measures, are intended to protect poor farmers.
According to Jean-Bernard Cadier, international relations specialist at
If the disagreement between India and the US contributed to the breakdown, the position of the EU also posed a problem, according to Stephanie Antoine, FRANCE 24’s economic specialist. “Certain European countries also wanted to preserve their interests against a greater liberalisation of trade,” she added. Indeed, nine European countries including
According to Christian de Boissieu, deputy chair of the Council of Economic Analysis, the safeguard clause is “interpreted differently by all” and is not the only reason the talks failed, because “there are multiple causes.”
He explained on
As he left the meeting in
The Doha Round already faced failure in September 2003 at the Cancun (
Date created : 2008-07-30