wto chief global trade deal within reach
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

WTO chief: Global trade deal within reach

Arab Today, arab today

Arab Today, arab today WTO chief: Global trade deal within reach

Indonesia - AFP

The World Trade Organization (WTO) appealed Saturday for support from Asia-Pacific nations to help clinch a deal on easing global trade constraints at crunch December talks, saying agreement is "clearly within reach". Roberto Azevedo urged the 21-member Asia Pacific Economic Cooperation (APEC) grouping to throw its weight behind the negotiations so that the WTO can agree a deal in time for its ninth ministerial meeting in early December in Indonesia's Bali island. "Now we are in need of support as much as ever," Azevedo said at a news conference after days of fervent diplomacy, including speaking to foreign and trade ministers at an APEC plenary session to drive home his point. "We hope that by coming here, I would have given the message to ministers of APEC of where we are and how importantly we need the engagement from capitals and from the ministers themselves." Differences over the concessions needed have led to clashes notably between China, the European Union, India and the United States, leading to a gridlock in the so-called Doha Round of global trade talks since 2008. However, the most deadlocked portions of the Doha agenda have been put aside and countries are focusing talks on areas where agreement is possible, namely trade facilitation, agriculture and development issues. Azevedo said agreement in these areas at the December meeting in Bali could break the gridlock and allow the WTO to discuss other issues. "We are making progress but not fast enough. We need to be quicker and we need ministers to engage," he said Saturday. "I'm very positive. What we have before us on the table is doable," he added. "I have absolutely no doubt in my mind that we can reach this. We are clearly within reach." Although the areas under negotiation are limited, the gains can be enormous, Azevedo said, citing estimates showing that the easing trade constraints could result in savings of up to a trillion dollars worldwide. US Trade Representative Michael Froman also told reporters in Bali he was hopeful a deal would be reached in December. "I am pleased to announce that there is a hopeful sign this week of our ability to work collectively together to solve problems and make progress in the WTO," he said. "If we fail, it will be hard to see how we further that agenda."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wto chief global trade deal within reach wto chief global trade deal within reach

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wto chief global trade deal within reach wto chief global trade deal within reach

 



GMT 11:40 2018 Friday ,05 January

Zuckerberg makes 'fixing' Facebook a personal goal

GMT 01:05 2014 Thursday ,13 February

Flora

GMT 21:50 2017 Wednesday ,25 October

Abdullah bin Zayed visits WorldSkills Abu Dhabi 2017

GMT 16:33 2017 Tuesday ,04 July

Hany Ramzy happy for positive reactions

GMT 20:11 2018 Wednesday ,05 December

EU wants INF Treaty 'preserved and fully implemented'

GMT 21:01 2018 Sunday ,25 November

Oil prices plummet amid U.S. drilling rigs down

GMT 13:01 2016 Sunday ,28 August

China's Top 500 Firms Report First Revenue Decline

GMT 04:46 2014 Thursday ,11 December

Taliban suicide blast kills 6 Afghan soldiers in Kabul

GMT 11:10 2018 Wednesday ,17 January

MP Hariri welcomes Sho
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday