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Pressure was building among trading
nations on Tuesday to reduce their aims
for a crucial World Trade Organisation
conference in Hong Kong in December
because of ongoing differences over a
treaty to slash barriers to international
commerce.
The WTO's 148 members were regrouping in
Geneva to hear about the outcome of an
attempt by Brazil, the European Union,
India, Japan and the United States to
drive ahead deadlocked global trade talks
at a meeting in London on Monday.
With just over a month to go before the
WTO's keynote ministerial conference,
India's Commerce and Industry Minister
Kamal Nath -- who hosted the London talks
at his country's embassy -- hinted Monday
that the goals for Hong Kong may have to
be downgraded.
Nath, who appeared to have the backing of
Brazil, insisted that this would not
affect the overall Doha Round, which
trading nations hope to complete in 2006
in an attempt to boost developing
countries.
Brazil's foreign minister told AFP as he
was leaving London that he expected a
decision to be made by the WTO Director
General Pascal Lamy in Geneva on Tuesday.
"That's something we'll have to decide
today, we'll make an evaluation. But if
that happened it doesn't mean lowering the
ambition of the round," Amorim said.
"This decision will basically be taken by
Lamy, I think he'll make an evaluation
today," he added.
However, EU Trade Commissioner Peter
Mandelson urged countries to press ahead.
"I am not in the business of scaling down
ambition. If we do not deliver ambitiously
on the Doha Round as a whole we risk
losing or
compromising Dohas key development
component. That is not acceptable to
Europe," he said in a statement.
Mandelson said he was "encouraged" by the
signs that emerged from the meeting of the
five key WTO powers -- which represent a
broad cross section of trade interests.
"I have been warning for months of the
dangers of restricting our negotiations to
agriculture. We have now broadened the
discussions, without losing sight of
agricultures importance." |