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News & Insights

FTC Urges US and EU Leadership to Assure Successful Cancun Ministerial

June 26, 2003


Calls on Commissioner Lamy to Achieve Necessary CAP Reform by September Meeting

 

 

Washington DC – The National Foreign Trade Council (NFTC) urged EU Trade Commissioner Pascal Lamy to join with the United States in promoting a successful outcome to the WTO Doha Development Agenda (DDA) by the stated deadline of 2005.  Commissioner Lamy today addressed the U.S.-EU trade relationship at a luncheon sponsored by the NFTC, the Global Business Dialogue and the National Association of Manufacturers.

 

“With the WTO Cancun Ministerial scheduled to take place close to two months from now, the biggest challenge to ensuring the necessary progress in keeping the Doha Agenda on track is leadership from the US and the EU,” said Bill Reinsch, President of the National Foreign Trade Council.  “The costs of failure are too high, and it is the responsibility of the U.S. and EU to ensure that this negotiation is not derailed or doomed to incremental results.  The EU must demonstrate forward movement on agriculture to prevent failure in Cancun and ensure the Doha Agenda succeeds.”

 

The NFTC has previously called for U.S. and European leadership in moving DDA negotiations forward in an ambitious direction in a letter to Commissioner Lamy and Ambassador Zoellick sent this May.  The letter was also signed by three major European business organizations:  the Confederation of British Industry (CBI), the Federation of German Industries (BDI) and the EU Committee of the American Chamber in Belgium.  In the letter, the groups called for “concerted joint leadership to accomplish bold objectives to reduce and eliminate tariff and non-tariff barriers to trade in goods, services and agriculture.  Deep and meaningful reform of agriculture policies in a timely fashion is crucial to determining whether the Doha Agenda achieves these bold objectives.” 

 

“As we stated in our letter to Commissioner Lamy, the stakes have never been higher for the future of the WTO,” continued Reinsch.  “We urge the Commissioner to continue providing vital leadership, along with the United States, to implement the ambitious Doha agenda.  We must solidify the role of the WTO as the premiere facilitator of an open-market, multilateral trading system.”

 

Text of Pascal Lamy Speech inWashington, June 26, 2003
http://nftc.org/default/trade/Lamy%20speech%20on%206.26.03.doc


 
The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves 350 member companies through its offices in Washington and New York.

 

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