Royal Institute of Traditional Arts implements Saudi-Chinese cultural exchange program    Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Saudi, Iranian foreign ministers discuss Oman-mediated talks with US    Prince Sultan University launches first bachelor's program in language and media    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Crown Prince donates SR1 billion to support housing for eligible families    Pakistani military says it killed 54 militants attempting to cross border from Afghanistan    Suspect charged after Vancouver car ramming leaves 11 dead    Eight hundred Houthi targets hit after weeks of strikes, says US    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



bu03
Published in The Saudi Gazette on 31 - 05 - 2010

Tough Doha trade talks loom in political shadow
GENEVA - World Trade Organization members agree they must push on with difficult talks on a global trade deal, but November's US mid-term elections mean they are unlikely to bear fruit before next year.
The United States, ultimately the key to any pact, says that what is on the table after 8 years of talks on the Doha round is simply not compelling enough to attract support back home. Emerging economies say they have given enough in the current draft of what is meant to be a deal promoting development, so the scene is set for some bruising confrontations in which Washington too will be under pressure to make concessions.
“We've walked up to the water's edge... What we haven't done yet is dive into the actual give and take of negotiations,” said a senior US official.
The WTO's consensus-driven system requires negotiations to move in a carefully choreographed dance, with proposals shared among ever-widening groups to ensure that none of the 153 members feels excluded from decision-making. But the time has now come for “frank, open and difficult negotiations” rather than exercises in transparency, US Trade Representative Ron Kirk told a briefing.
He was speaking after trade ministers met in Paris on May 27 to review the state of the Doha talks and agreed to pursue negotiations in whatever form is needed to aim for a deal.
In particular, Kirk wants China, India and Brazil - as the three prime beneficiaries of globalisation and the source of much future growth in the world economy - to make a bigger contribution to a deal.
Kirk insists it is not just the United States pushing the big emerging economies. Other rich countries, and some developing ones, also want a more “ambitious” deal, he said. US negotiators also complain that talks so far have concentrated on agriculture and manufactured goods, with little progress in services such as insurance and express delivery.
China, India and Brazil retort that with hundreds of millions of their citizens still living in poverty, they cannot give all that it will take to clinch a deal in the Doha round -- launched in 2001 to right some of the imbalances in the global trading system and help poor countries to prosper through trade.
In practice that means that the United States, which says it has already made generous offers on cutting trade-distorting farm subsidies, must do more too. “I think they now fully understand, and it's been made very clear to them, that if they want to push for any additional opening they need, then they're going to have to be responsive in some of the areas where people want things from them,” said one senior official familiar with the talks.
It is now widely accepted that a deal will require the big emerging economies to make additional offers, said this official. The question is whether the administration of President Barack Obama actually wants a deal before the mid-term elections.
“It may be something they prefer to do next year rather than this year,” the official said.
But that will deter America's trading partners from making concessions now for fear they will face fresh demands in 2011. Even the strongest proponents of a Doha trade agreement now acknowledge that the talks are at an impasse, despite statements that a deal is the shot in the arm the global economy needs.
Only 21 WTO members were represented at the Paris meeting, and of those only nine at ministerial level - far fewer than in previous years where similar gatherings have taken place, and an indication of the current low level of expectations.


Clic here to read the story from its source.