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HONG KONG, Dec. 18 (Xinhuanet) -- The Sixth
Ministerial Conference of the World Trade Organization (WTO) concluded here
Sunday with a Hong Kong Ministerial Declaration, finally unveiling some tangible
results of the six-day wrangle.
After more than 100 hours' harsh negotiations, the
global trade body's 149 members reached an agreement on eliminating all forms of
agricultural export subsidies by the end of 2013.
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| WTO Director-General Pascal Lamy (L) and John Tsang (C), chairman of the World Trade Organization (WTO) Hong Kong Ministerial Conference (HKMC) hold a joint press conference after the closing ceremony of the Sixth Ministerial Conference of WTO in Hong Kong of China. (Xinhua) | The declaration also announced that the developed
members will eliminate all forms of export subsidies for cotton in 2006 and
implement duty-free and quota-free market access for all the products from
least-developed countries (LDC) by 2008.
Chairman of the conference John Tsang said at the
closing ceremony that this meeting has drawn up a "clear roadmap" for further
negotiations of the Doha Round.
He said the date and venue of the Seventh WTO
Ministerial Conference will be determined by the WTO General Council through
full consultations.
WTO Director-General Pascal Lamy said thanks to the
six-day intensive work. The meeting has made "meaningful" decisions to put back
on track the Doha Round momentum which has "entered a phase of slow motion"
since 2004.
The WTO chief also called for more "collective
action" and "new political energy" to conclude the Doha Round negotiations by
the end of 2006.
Commonly recognized as the most conspicuous outcome
of the conference, the agreement was made after a concession from the European
Union (EU), which was earlier regarded as "unbelievable" by many experts.
Since agricultural products are the main export item
of the majority of developing members, the progress in agricultural trade is
considered the key to finally achieving the goals of the Doha Round trade talks.
Currently, 50 countries are identified by the United
Nations as the least-developed countries, where the per capita income is below
750 US dollars a year.
The duty-free and quota-free market access will
stimulate the export of the LDCs, which will bring them 8 billion US dollars
benefit every year, said UN Under-Secretary-General Anwarul K. Chowdhury.
Though the conference was regarded as a "moderate
step" for the completion of the Doha Round, it was taken after harsh
negotiations and incessant quarrels on almost every word of the text.
Crossfire lasted for days between the United States
and the European Union, which traded criticism against each other for lacking
sincerity to push forward the negotiations on agriculture.
The quarrel ended up with a compromise from both
sides, particularly the EU, so that the deadline was eventually set to eliminate
all forms of agricultural subsidies.
Meanwhile, stronger voices from developing members
were also heard at the conference.
A number of developing members forged a powerful
alliance at the conference to fight for their own interests in Agriculture, NAMA
(non-agricultural market access) and service trade negotiations.
"For the first time in the WTO, a ministerial meeting
was held between all developing countries," said a joint statement issued by the
G20, the G33, the African, Caribbean and Pacific countries (ACP), the LDCs, the
African Group and the Small Economies.
The statement called for removal of distortions that
"inhibit the export growth of developing countries" and demanded an " adequate
policy space" to ensure their sustainable socio-economic development.
There still exists quite a large amount of divergence
between the developed and developing groups in NAMA and trade in services.
The two parties failed to reach a consensus on the
degree to which the flexibility should be granted to the developing members in
foreign trade.
The conference held from Dec. 13 to 18 aimed to
advance the stalled Doha Round trade talks, which were launched in the Qatari
capital of Doha in November 2001.
More than 5,800 delegates of the WTO members, over
3,200 journalists and about 2,000 representatives from non-governmental
organizations attended the six-day conference. Enditem |