Tuesday, July 29, 2008

Doha Talks Close to Collapse - Again

The latest round of negotiation in the Doha round of the World Trade Organization (WTO) continues to lurch one step forward, three steps back.

Emerging factors:

- Many European countries feel that China cannot continue to be treated as a developing country. Being labeled a 'developing country' allows a nation to maintain higher trade barriers than it would normally be allowed under WTO rules.

- The United States continues to demand more access to other countries in return for concessions. Depending on the demands, this is not the worst position. The U.S. remains the market every country wants to exploit.

- Germany is the world's largest exporter. I need to do more research on this one, but this is the claim by Reuters.