Lamy says US agricultural proposal adds new momentum for trade talks
17 Oct '05
3 min read
- During this period there will continue to be bilateral negotiations among members, as well as broader negotiations on a number of leftovers from Hong Kong, including in the rules area
- The following 2 to 3 months will go into verifying the draft schedules produced
- And a further 3 months into legal drafting
- this means a total of 10 months in the best case scenario. Just 2 months of margin of manoeuvre which is very thin if we consider the similar steps to be taken in parallel in areas such as NAMA, services, rules ... not to mention the limited capacities in many developing countries
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.