Calls for Getting Back to First Principles and Ambitious Objectives
Mary Irace, NFTC Vice President for Trade and Export Finance, today urged WTO Members to go the extra distance to restart the suspended Doha Round negotiations.
Irace, who has just completed an intensive series of meetings with ambassadors and other senior officials in delegations to the WTO, noted, “The disappointment of the business community at the failure to make a break through on agriculture is clearly shared by WTO representatives in Geneva. At this critical moment we could see the enormous promise of the Doha Round just slip away. Failure would create serious risk and uncertainty in the global economy which would hurt prospects for world growth and development, and potentially sap business confidence.”
Following her meetings in
“The NFTC considers that success will require political will and vision from all the major partners. Certainly the
“Paring back ambition is clearly not the way forward. A major outcome with commercially meaningful results is the only way to build a strong foundation for the global economy in the years ahead,” Irace added.
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