All eyes are on Geneva on Monday (21 July) as world trade talks open in a last-ditch attempt at reaching a global agreement some seven years after discussions were launched. European Commission President Jose Manuel Barroso, in a statement released on Sunday night as trade ministers from 30 nations met for dinner in the Swiss city ahead of the negotiations, called the talks the "last great opportunity" for a deal, and called on the third world to make greater concessions. Mr Sarkozy (r) has a different opinion on trade talks to the commission "For those negotiations to succeed, the other developed countries and the emerging economies in the WTO also have to make a major contribution," he said. "Europe cannot be the sole banker of this deal," he added. "Moreover, Doha is not just about agriculture -- we also need to make progress on industrial tariffs, and in other areas of the negotiations such as services and geographical indications."
All eyes are on Geneva on Monday (21 July) as world trade talks open in a last-ditch attempt at reaching a global agreement some seven years after discussions were launched.
European Commission President Jose Manuel Barroso, in a statement released on Sunday night as trade ministers from 30 nations met for dinner in the Swiss city ahead of the negotiations, called the talks the "last great opportunity" for a deal, and called on the third world to make greater concessions.
Mr Sarkozy (r) has a different opinion on trade talks to the commission
"For those negotiations to succeed, the other developed countries and the emerging economies in the WTO also have to make a major contribution," he said.
"Europe cannot be the sole banker of this deal," he added. "Moreover, Doha is not just about agriculture -- we also need to make progress on industrial tariffs, and in other areas of the negotiations such as services and geographical indications."
"Desperate to clinch a new global trade deal, World Trade Organization chief Pascal Lamy is planning to convene a "mini-ministerial" meeting in the third week of July. The aim of the meeting is to come up with agreements to liberalize trade in agriculture, industry, and services. <...> Insistence on Services <...> While financial services are just one of many services covered by GATS, the United States and EU have made a liberalized financial sector their main demand on developing countries. It has been revealed, for instance, that the EU has demanded that some developing countries eliminate regulations that cover the activities of hedge funds, the financial groupings that are said to have triggered the collapse of the baht in 1997. The EU has also demanded that Mexico open up its market to trade in derivatives, the slippery financial instruments that have played such a key role in the current financial chaos".
Insistence on Services
<...>
While financial services are just one of many services covered by GATS, the United States and EU have made a liberalized financial sector their main demand on developing countries. It has been revealed, for instance, that the EU has demanded that some developing countries eliminate regulations that cover the activities of hedge funds, the financial groupings that are said to have triggered the collapse of the baht in 1997. The EU has also demanded that Mexico open up its market to trade in derivatives, the slippery financial instruments that have played such a key role in the current financial chaos".
No stone unturned. .
