TRADE / Calls for political push to conclude talks
Lets walk that last mile: Lamy
Geneva, Agencies:
World Trade Organisation Director General Pascal Lamy, on Saturday, said a global trade deal was now within reach but that political leaders needed to lend their support to complete the ongoing round of negotiations.
“A deal is now do-able but we need a final push, which needs leaders’ constant attention and mobilisation,” Mr Lamy said in his speech to the International Institute of Strategic Studies conference here.
“My take is that we are entering the last laps,” he added, as negotiators completed a first week of intensified negotiations on fresh compromise proposals to cut barriers in two key areas, agriculture and industrial goods.
Mr Lamy told a conference on international security issues that the compromise text “still reflects the gap” between the WTO’s 151 members. There are not wide differences to be narrowed but there remain some differences, much less than there was last year or two years ago,” he explained. Chief negotiators have scheduled three weeks of intense talks at WTO headquarters in Geneva to narrow the divide and agree on the outline of cuts in farm subsidies and import tariffs on farm and industrial goods, before the end of the year. “This will not take place without a political spasm which has to take place quite soon,” Mr Lamy underlined. The WTO Director General has repeatedly called for greater political input from world leaders to bridge the gap between rich and poor countries that has dogged the talks since they were launched in the Qatari capital in 2001.
Global security
Lamy said on the sidelines of an Asia Pacific Economic Cooperation (APEC) this week that he was looking for “convergence on basic principles” by November. In his speech to the International Institute of Strategic Studies conference in Geneva, Mr Lamy argued that free and fair trade - and its broadening under Doha Round - was an essential component for global security. Mr Lamy has repeatedly urged countries to wrap up the talks by the end of this year to avoid having the negotiations run into the US presidential election year, when Washington is expected to have little flexibility to negotiate.