APEC LEADERS SEEK DECEMBER DOHA ACCORD TO RELIEVE GLOBAL CRISIS
Bill Faries and Shamim Adam
Bloomberg, November 24, 2008
Leaders of 21 Pacific Rim nations said the world financial crisis may force a breakthrough on a global trade deal that’s been stalled for seven years, and warned against protectionism as they headed home from a summit in Lima.
With a slowdown pushing countries into recession from the U.S. to New Zealand, heads of state of the Asia-Pacific Economic Cooperation forum concluded two days of meetings yesterday, saying a preliminary agreement may be reached next month in World Trade Organization talks known as the Doha Round. The negotiations began in 2001.
“This crisis may turn into an opportunity for world leaders to resolve the Doha Round,” Kazuo Kodama, spokesman for Japan’s Foreign Ministry, told reporters in Lima after the summit ended.
Still, the annual APEC meeting failed to produce specific new proposals to ease the crisis, and leaders said their free- trade ambitions may rest on bilateral efforts or actions by individual countries. The leaders lent their support to a Nov. 15 statement from the Group of 20 developed and emerging economies, which encouraged interest rate cuts and fiscal stimulus to foster growth.
Bill Faries and Shamim Adam
Bloomberg, November 24, 2008
Leaders of 21 Pacific Rim nations said the world financial crisis may force a breakthrough on a global trade deal that’s been stalled for seven years, and warned against protectionism as they headed home from a summit in Lima.
With a slowdown pushing countries into recession from the U.S. to New Zealand, heads of state of the Asia-Pacific Economic Cooperation forum concluded two days of meetings yesterday, saying a preliminary agreement may be reached next month in World Trade Organization talks known as the Doha Round. The negotiations began in 2001.
“This crisis may turn into an opportunity for world leaders to resolve the Doha Round,” Kazuo Kodama, spokesman for Japan’s Foreign Ministry, told reporters in Lima after the summit ended.
Still, the annual APEC meeting failed to produce specific new proposals to ease the crisis, and leaders said their free- trade ambitions may rest on bilateral efforts or actions by individual countries. The leaders lent their support to a Nov. 15 statement from the Group of 20 developed and emerging economies, which encouraged interest rate cuts and fiscal stimulus to foster growth.
(...) [artículo aquí]
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