Tuesday, September 16, 2003

Also from ENN,

Tuesday, September 16, 2003
By Robert Evans, Reuters


GENEVA — "It certainly looks like the end of the World Trade Organization as we know it," a Geneva-based diplomatic analyst said Monday after the collapse of talks in Cancun, Mexico, on a new international free trade pact.

His shared widespread gloom in the wake of the failure of what was supposed to be a mid-term review of the Doha round of global trade negotiations launched in November 2001.

The plan had been to end the Round in 15 months with agreements on slashing tariffs, allowing service firms like banks and insurance companies to operate globally and moving toward removal of rich countries' farm subsidies.

The World Bank, always enthusiastic about the role of trade in driving the global economy, had estimated that a good pact would...(Read on in: WTO faces an uncertain future with torn-up map)

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