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Lamy aims to finalize trade issues by month end

25 Apr '06
1 min read

World Trade Organization (WTO) Director-General Pascal Lamy told journalists on 24 April that “we may have missed the deadline but we are not in deadlock”.

Earlier, in a statement at an informal meeting of heads of delegations, he said that “genuine and important progress has been made, but not fast enough to allow us to reach agreement on modalities by the end of the month”.

He said that “From now on, the process to reach modalities will be continuous, Geneva-based, and focused on texts — and we should aim at finishing this work in matter of weeks rather than months”.

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.

At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.

The goal is to help producers of goods and services, exporters, and importers conduct their business.

World Trade Organization

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