WT No
We haven't been hearing much about the WTO of late, and apparently for good reason. Here is the link to a statement by the U.S. expressing disappointment in the latest negotiating efforts. Here is a story from Forbes talking about the failure of the talks in Germany.
Statement from Ambassador Schwab and Secretary Johanns
Postdam, Germany - Statement from USTR Ambassador Susan C. Schwab and USDA Secretary Mike Johanns on Doha Round:
The United States is deeply disappointed with the outcome of this week's negotiations.
For the past six years we have pursued an agreement in the Doha Round that will spur economic growth and development - especially in the world's poorest countries - by creating new trade flows and disciplining subsidies. To meet the Doha Round's promise, developed and advanced developing economies need to open their domestic markets for agricultural goods, industrial products, and services.
We came this week with the commitment to make significant progress towards a successful Round. Unfortunately, this week's negotiations could not generate political consensus to meaningfully open markets to new trade - particularly in manufactured goods.
TK: Brazil and India were critical of U.S. willingness to cut farm subsidies. The impasse appears to indicate these talks are going nowhere. The lack of momentum likely will hurt efforts in Congress to renew trade promotion authority for President Bush.
Labels: FDA, Mike Johanns, WTO
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