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Friday, 21 October 2011

New initiative at WTO shuns developing countries

North American and European states at the WTO trade negotiations (Doha Development Agenda) have launched an initiative to start negotiating on controversial issues like investment, competition policy, energy security and climate change, although no consent has been reached on duty-free and quota-free market access yet.

Industrialised countries also started a campaign to change the negotiation framework from a multilateral to a plurilateral framework where several of the current negotiators would be excluded. "If the new issues [proposed by industrialised countries] are not discussed at the WTO, members will discuss them outside and they (the African countries) will regret (such a move)," Switzerland’s trade envoy to the WTO told IPS.

Source: IPS News

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