Sunday, September 10, 2006

[world trade] they’re talking but they’re not saying anything

So now Brazil’s foreign minister, Celso Amorim, says the whole world order is under threat if stalled discussions on reducing trade barriers cannot be revived. The whole point of Doha was for the emerging economies to benefit but this was either unbelievable naïvety or cynical rhetoric. If Britain can’t get France to bend on CAP and France can’t get Britain to relinquish subsidies and if Europe can’t get the US to reduce tarrifs, which they can't, then where does that leave the emerging nations? Nowhere of course. There is no WTO, except in name.

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