THE WTO Director General, Mr Pascal lamy, yesterday
said that WTO Members risk
failing to deliver the breakthrough needed in April in order to conclude
the Doha Round negotiations this year, jeopardizing the world economy and
the most vulnerable countries.
He urged members “to
reflect on the costs of the non-Round to the world economy as well as to
the development prospects of Members, in particular the smaller and least-developed
which are more dependent on an improved set of global trade rules.
“And
above all, it is time to think about the consequences of the non-Round to
the multilateral trading system which we have so patiently built over the
last 70 years. It is the time to think hard about multilateralism, which
your leaders, yourselves and myself preach at every occasion. In politics,
as in life, there is always a moment when intentions and reality face the
test of truth. We are nearly there today, '' he added.
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