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Thursday, 15 December 2011

Lamy urges to place interests of developing countries

“The multilateral trading system is at a crossroads”. Director-General Pascal Lamy has stressed the importance of multilateralism and called on members to stand up for its values at the opening of the 8th Ministerial Conference in Geneva, held on 15 December 2011.
Lamy has moreover urged major players to “exercise leadership and to muster political courage to act together for greater trade opening and reform”. Speaking of developing countries, he has also called on key economic actors to place both interests and needs of the poorest.
Furthermore, WTO Director-General has said that he will convene a “panel of multi-stakeholders of the WTO” for a year-long study of present and future trade.

Source: WTO

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