Economic Downturn Makes Trade Talks a Priority |
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July 07, 2009
The economic downturn, along with new leadership in the U.S. and India, is spurring G-8 nations to repair trade talks at their coming summit but Washington remains an obstacle, trade experts say.
The economic downturn, along with new leadership in the U.S. and India, is spurring G-8 nations to repair trade talks at their coming summit but Washington remains an obstacle, trade experts say.
The rest of the world "is waiting for the U.S." to detail its position on trade, Pascal Lamy, director of the World Trade Organization said in an interview at WTO headquarters in Geneva, days before the Group of Eight leading nations gather July 8-10 in L'Aquila, Italy.
Mr. Lamy has been invited to speak at the two-day annual G-8 meeting -- a sign that the world's biggest economies are interested in returning to the negotiating table before the WTO's 153 member nations gather in November.
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