 WTO chief Pascal Lamy (right) enters the WTO
headquarters in Geneva July 17, 2006. (Xinhua/AFP
Photo) |
GENEVA, July 17 (Xinhua) -- Key members of the World
Trade Organization (WTO) launched fresh efforts on Monday to salvage the
long-stalled Doha Round of global trade liberalization talks.
Ministers from the United
States, the European Union, Japan, Brazil and India as well as senior officials from
Australia met briefly with WTO Director-General Pascal Lamy at the WTO
headquarters to assess the current state of the negotiations.
They decided to hold two further ministerial meetings
in Geneva later this month, when they will try to reach agreement on precise
formulas for cutting industrial and farm tariffs and subsidies, the major
stumbling block in the Doha Round negotiations.
The two ministerial meetings were set on July 23-24
and July 28-29 respectively. But it is not clear how many ministers from the 149
WTO members will participate in the two meetings.
"The idea is to have another go at it with a bit more
determination and hopefully a bit more flexibility," said India's Trade Minister
Kamal Nath after Monday's brief meeting.
"The moment of truth is going to emerge in the next
couple of weeks," he added.
"I think the next step is for us to head back to
capitals and find out what kinds of flexibilities each of us has to bring back
to the table," said U.S. Trade Representative Susan Schwab as she left Geneva.
The Doha Round of trade negotiations was launched in
the Qatari capital in 2001 with an avowed aim to boost global economy and lift
millions out of poverty by lowering down trade barriers.
The negotiators have stalled for a long time because
of complex differences among the United States, the European Union and
developing countries, particularly on the agriculture issue.
Already two years behind schedule, the Doha Round
could risk further delays or even collapse if WTO members could not reach a deal
in the next few weeks.
Monday's meeting was called quickly after leaders of
the Group of Eight (G8) industrialized countries on Sunday set a one-month
deadline to get the Doha Round back on track.
"At this stage, the deadlock in which we are caught
will lead us to failure very soon if you do not give your ministers further room
for negotiation," Lamy told the leaders of the G8 and developing nations on
Monday in St. Petersburg, Russia. Enditem