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Thứ tư, ngày 30 tháng 10 năm 2024
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Ngày 21/07/2012-12:44:00 PM
Doha deal doomed by downturn: WTO official

Efforts to conclude the long-awaited Doha free trade deal look doomed until the global economy picks up, a top World Trade Organisation official says.
Negotiations on the accord stalled again last December after being launched in the Qatari capital a decade earlier, as rich and emerging nations failed to bridge gaps over the level of cuts to industrial goods tariffs and farm subsidies.
"There can be a situation at some point when world economies may pick up and it becomes more conducive to conclude a deal," WTO deputy director general Harsha Singh said in New Delhi.
He added that global weakness is not the sole problem holding up a deal, citing differences not only over agricultural subsidies but across the broad scope of the Doha agenda.
Neither bigger nor smaller economies have been able to reach agreement on what concessions they should make under Doha, he told a business audience.
More countries are now focusing their energies on sealing smaller bilateral and regional agreements, he said.
"The (Doha) problems have to be resolved bit by bit. Let us try and achieve whatever we can, whenever we can," Mr Singh said.
US trade chief Ron Kirk said earlier this year it was impossible to sell free trade to Americans in the current economic climate, as an increasing number of Americans "believe that we have swapped jobs for cheaper T-shirts and iPads".
Mr Singh said it was vital to preserve the rule-based WTO, which will gain its 156th member when Russia becomes the last major global economy to sign up.
The WTO gives "predictability in the (trading) system and a level playing field", he said.
The Doha round of global trade talks began in 2001 with a focus on dismantling obstacles to trade for poor nations.
But negotiations were dogged by disagreement, including how much the US and the European Union should reduce farm aid and the extent to which emerging market giants such as India and China should cut tariffs on industrial products.
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