The head of the World Trade Organisation said on Monday that negotiators must redouble their efforts in order to make good on a pledge by world leaders to conclude a new trade deal by the end of the year.
World Trade Organisation director-general Pascal Lamy will seek a second term in office when his current term expires in 2009, a key official told WTO members on Tuesday.- As global leaders engage themselves to grapple with the worst economic crisis since 1929, WTO chief Pascal Lamy wants India, among other emerging economies, on board for a new financial world order.
- WTO on Tuesday said it has set up a special 'task force' to study the impact of financial crisis on its different areas of work and asked member nations to be ready for 'necessary' actions as and when required.
- Lamy is expected to try and get India agree on a deal to open up markets in industrial and agricultural goods as well as services.
- Not the one to give up hope, WTO Director General Pascal Lamy is visiting India next week to find ways for picking up the threads from last month's failed trade talks in Geneva.
- Any new attempt to grasp the grail of a world trade pact will probably have to wait until 2009, after elections in the United States and India, despite some calls for more talks now, economists said.
Deadlock between the United States and India finally derailed talks on a new world trade pact on Tuesday, delegates said, as ministers quit without a deal after more than a week of bitter wrangling.- Ministers from the member states of the World Trade Organization meeting in Geneva over the issue of farm subsidy and non-agriculture market access, failed to achieve a breakthrough, WTO chief Pascal Lamy said on Thursday.
- World Trade Organization head Pascal Lamy is to invite ministers from 30 leading countries to a meeting in Geneva on July 21, to try to broker a final deal in the Doha round of trade talks, a diplomatic source said on Wednesday.
The WTO has finally created unity among its 152 members -but unfortunately for head Pascal Lamy, the only thing all states agree on is that the prospect of a new trade deal is still as far away as ever.
Britain's Minister for International Trade Gareth Thomas has said that significant progress has been made in the Doha round of the world trade talks and that there is a 60 per cent chance of a deal by the end of the year said on Thursday.
