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WB chief slams US on trade deal
Published in The Saudi Gazette on 19 - 07 - 2011

The president of the World Bank criticized the United States Monday for its lack of leadership in pushing through a new global trade agreement that he said would boost economic growth.
Robert Zoellick, a former US trade negotiator under President George W. Bush, labeled as "excuses" Obama administration complaints that the so-called Doha round of global commerce talks are structurally flawed.
"I think the facts speak for themselves on whether you have excuses or leadership," he told reporters at the World Trade Organization in Geneva. Zoellick said the talks need American leadership if they are to produce a new free trade deal. When the negotiations to slash tariffs worldwide were launched in the Qatari capital in 2001, many predicted the result would add billions of dollars to the global economy.
Trade diplomats now say the original targets set for the round are beyond reach because of unbridgeable differences between the United States and major developing countries such as India, China and Brazil. Instead, negotiators are looking to agree a "Doha light" package that would allow countries to save face after 10 years of costly and fruitless talks.
"The mini-deal will probably be about as hard as the big deal," Zoellick warned. Rather than aim for a more modest agreement, he urged WTO members to "double down on Doha." If countries are ambitious but fail, it will be easier to apportion blame, he said.


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