Archive - Dic 2005 - Article

At the WTO Ministerial in Hong Kong for the sixth Ministerial conference, unless developing countries against pressures -- from the WTO leaders, the US-EC-Japan and their transnational corporate lobbies -- they may be setting themselves up for another highly imbalanced outcome and a more oppressive multilateral trading system.

Trade ministers from nearly 150 countries will try to break a deadlock in troubled global talks on Thursday, amid U.S. and European sniping over farm subsidies, food aid and measures to help the world's poorest.

The United States warned trading partners on Wednesday that the world would slip back into protectionism without progress in global talks to reform world commerce, stunting economic growth and hitting the poor.

One day into the ministerial meeting, the European Union remained at odds with the United States, Canada and Japan over the scope and implementation of an initiative to provide duty-free quota-free access to least developed countries (LDCs).

Thousands of anti-globalization activists marched through Hong Kong watched by a huge security operation aimed at preventing a repeat of violence that has rocked previous WTO meetings.

'Say no to WTO' was the consensus reached by Asian grassroots activists who gathered this morning at Victoria Park in Hong Kong to share their experiences of unfair trade policies imposed by rich nations

The United States will have to open its market to more foreign temporary workers as part of any new world trade deal, despite strong opposition in the US Congress, Commerce Minister Kamal Nath said on Wednesday.

The United States and the European Union sparred on Wednesday over farm subsidies, food aid and measures to help the world's poorest countries, souring world trade talks that were already in trouble.

US and EU want sectoral /plurilateral negotiations in Services to be launched after the Hong Kong Ministerial. The language in the draft text that will facilitate such negotiations are para. 21 and Annex C

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