Financial Daily
from THE HINDU group of publications

Tuesday, August 07, 2001





World trade: Who needs a new round?
AN END-JULY meeting of trade officials of the WTO's 142 member-nations at Geneva, laid bare the constraints to the efforts of those pushing for the launch of a new, ninth round of international trade talks at the ministerial meeting scheduled for Novembe r at Doha, Qatar. Heading the drive for a new round is the US, which would like to see further reduction in barriers to its exports of industrial goods as well as more progress in the ongoing negotiations on freeing trade in agriculture and services. Any acceleration on trade liberalisation on these fronts it feels can only be achieved by incorporating negotiations on these matters into a new round of talks that cannot but end with agreement on freer trade.

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