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June 27, 2007
Restart of industrial goods trade negotiations
The AP is reporting that there may be a switch in trade negotiation tactics by some countries -- Countries propose compromise in faltering global trade talks - International Herald Tribune:
A group of Latin American and Asian members of the World Trade Organization proposed a "middle ground" Monday in talks to liberalize trade in manufactured goods, a sign that developing countries are breaking ranks with Brazil and India.
The proposal, signed by Chile, Colombia, Costa Rica, Hong Kong, Mexico, Peru, Singapore and Thailand, would open industrial markets in the developing world to more foreign competition than has been proposed by Brazil and India.
This sounds a lot like a version of the "Doha-lite" idea Pascal Lamy floated last year. That would go ahead with those sectors already agreed upon (and abandon the traditional nothing-is-decided-until-everything-is-decided approach). Essentially, this is a version of the sectoral approach I have advocated.
Interesting.
Posted by Ken Jarboe at June 27, 2007 8:23 AM
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