Developing members forge allies
16/12/2005 18:05
Developing members of the World Trade Organization vowed to work together to
push for a "concrete outcome" in the international trade regime's top
decision-making body's meeting in Hong Kong. At the ongoing sixth WTO
ministerial conference, which involves delegates from 150 members, developing
member groups including the G-20, the G-33, the ACP (African, Caribbean and
Pacific countries), the LDCs (least developed countries), the African Group and
the Small Economies, held their first ministerial meeting in the WTO history and
issued a joint statement on Friday. The statement called for removing
distortions that "inhibit the export growth of developing countries" and to give
them "adequate policy space" for sustainable development. It called on
developed countries to completely eliminate export support measures by 2010 and
cut trade-distorting domestic support. It reaffirmed support for the Least
Developed Countries demands for duty-free and quota-free market access. It
also urged for a "firm commitment" to be made at the Hong Kong meeting to
address the issue of cotton. Some Western African countries required the United
States, the world 2nd largest cotton exporter, to remove domestic subsidies but
the United States refused to give concrete promises.
Xinhua news
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