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Article: CAN THE EU SAVE THE DOHA ROUND?
- Article from:
- European Report
- Article date:
- May 12, 2004
CopyrightCOPYRIGHT 2004 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission took a bold step this week towards reviving the World Trade Organisation's Doha Round.
The Doha talks on liberalising trade seemed to be doomed after last September's Cancun meeting, with rich and poor nations hopelessly divided over how to open up markets. European Trade Commissioner Pascal Lamy and Farm Commissioner Franz Fischler have worked hard to re-start the process, and on May 9 they offered three new concessions to the WTO's 147 members: scrapping farm export subsidies, a retreat on new rules on investment and competition, and dropping tariff demands for the least developed countries.
The move may not be enough on its own ...