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An Urgent Time for Global Trade



By Jacob Rowling
22 July 2006 @ 03:27 pm ET

Admitting that 149 Member governments reaching agreement by consensus is no statician's job, Lamy said numbers for market access and subsidy reductions, rather than copious text, is necessary in bringing about a deal.

At an emergency meeting at the WTO in Geneva on Monday following the G8 summit, US, EU, Japan, Brazil, India and Australia agreed to meet on successive weekends at the WTO's Geneva headquarters in an attempt to forge an accord.

"We should see the impact of the G8 leaders' commitment by this weekend," United States Trade Representative Susan Schwab said.

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