Print This Page Email This Page
WTO Chief Underscores Necessity of Deal on Doha Trade Talk

A deal on the World Trade Organization's (WTO) Doha round trade talk is an urgent necessity to help poor countries tackle the current global economic crisis, the organization's Director General Pascal Lamy said on Wednesday.

"In the present economic turmoil, what was necessary yesterday has now become indispensable. ... The international community must deliver on both trade and aid," national television TVK quoted him as telling the opening ceremony of the two-day LDC (least developed countries) Ministerial Conference in Siem Reap province.

"I think there is a growing consensus that only multilateral solutions can address the challenges facing the global economy today," he told the delegates, who came from a total of 49 counties to discuss issues related to international trade.

The Doha round World Trade Organization (WTO) talks began in 2001 but broke down in July this year.

A joint press release from the United Nations Industrial Development Organization (UNIDO) and the World Trade Organization (WTO) said that Wednesday's meeting aims to help LDCs integrate their economies into the global trading system.

One of the main topics is "Aid for Trade" (AfT), a package of incentives designed to help overcome structural and resource constraints of least developed countries in exchange for more speedy trade reforms, it added.

(Xinhua News Agency November 20, 2008)


Related Stories
- EU Spokesman: No Reason Not to Complete Doha Round by Year End
- Financial Crisis Dampens Growth Prospect of Developed Economies
- Peruvian Vice FM: China's Economic Growth to Help Latin America
- APEC 2008 Leaders' Week Kicks off in Lima
- China, Brazil Vow to Enhance Co-op in Coping with Financial Crisis
- WTO Chief Warns Trade Finance Situation Deteriorating

Print This Page Email This Page
China Vows to Protect Farmers from Malpractice in Farmland Transfers
China to Cut 19 Bln Yuan in Administrative Fees to Boost Economy
Beijing to Stem Pollution Without a Car-buying Ban
Chongqing Reduces Cab Management Fees
Food Safety Procedures Tightened
100,000 Chinese Migrate to EU in 2006


Product Directory
China Search
Country Search
Hot Buys