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Is there any point to the WTO? Economics focus.(World Trade Organization)
- Article from:
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The Economist (US)
- Article date:
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August 6, 2005
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Copyright informationCOPYRIGHT 2005 Economist Newspaper Ltd. 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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Does the World Trade Organisation promote trade? A reprise
SUPACHAI PANITCHPAKDI, the softly spoken director-general of the World Trade Organisation (WTO), steps down this month with precious little to shout about. Not so long ago, he was hoping to announce a breakthrough in the Doha round of trade talks, which must agree on a template for cutting tariffs and subsidies at a big ministerial meeting in Hong Kong this December. But instead of ending on a high, Mr Panitchpakdi's watch closed with kerfuffles over bananas and ball-bearings.
On August 1st, the WTO rejected the European Union's (EU) proposed reform of its banana policy, which favours growers in its former ...
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