Mary A. Irace
Vice President, Trade and Export Finance
National Foreign Trade Council
While the NFTC has some serious concerns over parts of the latest draft text, it was a workable text. We hope we overcome the current impasse and get the negotiations back on track as soon as possible. We firmly believe that developing countries stand to lose the most should the Doha Development Agenda not reach a successful and timely conclusion.
The NFTC and its members have been champions of an ambitious outcome to the Doha Agenda. We commend Ambassador Zoellick and the entire U.S. negotiating team for their leadership during this Ministerial Conference in the direction of reaching that objective.
The WTO is at a critical juncture in our view, with its future credibility and relevance at stake. Absent greater leadership by key developing countries to engage in the Doha negotiations in a meaningful fashion, it is not clear that momentum can be easily restored.
The NFTC and its members remain committed to trade liberalization and will be reflecting in the weeks ahead on how this can be best advanced.
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