– The NFTC today issued the following statement regarding the suspension of the Doha Round:
“The NFTC is deeply disappointed that the negotiations have been suspended. This is a setback to the credibility of the WTO and frankly, it shows a lack of political leadership and vision among WTO Members when it mattered most,” said Mary Irace, NFTC Vice President for Trade and Export Finance.
“The NFTC will continue to press for ambitious trade liberalization and improved trade rules both in and outside the WTO,” said Irace, who praised Ambassador Schwab for her vigorous pursuit of ambitious results. “The NFTC remains committed to an ambitious outcome to the Doha Round. We thank Ambassador Schwab, Ambassador Allgeier and the entire USTR team for carrying high the banner of ambition and for their focused pursuit of real market access results,” Irace stated.
“We hope that upon reflection, WTO members will restart the negotiations with renewed commitment to completing the trade talks. It is high time for the politics to catch up with the economics of the global marketplace. The archaic rhetoric of zero-sum mercantilism is depriving countries of the economic growth and development that the
Advancing Global Commerce for Over 90 Years
The National Foreign Trade Council (www.nftc.org) 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 hundreds of member companies through its offices in