The Director-General of the World Trade Organisation (WTO) has ruled out a food liberalisation deal under the Doha Development Round this year.
An agreement is also unlikely in 2012 because of the upcoming US presidential elections.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
However, Pascal Lamy has called for a more limited agreement at December’s WTO ministerial meeting.
Lamy wants the removal of trade barriers and duties on exports – including on food –from the world’s poorest countries.
He also stressed no WTO member government wants to abandon a broader Doha deal in the long run. “It is time we roll up our sleeves and restart working – that is, negotiating,” Lamy told a WTO trade negotiations committee meeting in Geneva today (31 May).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
