GMA hits rich nations for Doha round snag
TOKYO (AFP) — President Arroyo has pinned the blame on rich countries for stalling the Doha round of World Trade Organization (WTO) negotiations but said developing nations still hoped for a deal.
Addressing an economic forum here yesterday, Mrs. Arroyo said the
“We hope the
“On this road to globalization, the developed nations have let many of the less developed nations down,” she said.
The Doha Development Round, launched in 2001 among the WTO members to reach a global trade pact, collapsed last year.
Less developed countries have demanded that rich nations — including
“When trade served their intersts, it was the green light. Now that they might have to give up certain subsidies or markets, the yellow light of caution is up,” Mrs. Arroyo said of rich nations.
“While we want a successful round, we will not just wait around. We aim to go full speed ahead, in the
ASEAN nations — individually and collectively — will continue to form regional and bilateral free trade pacts for further economic gains, she said.
Mrs. Arroyo has agreed to a free-trade deal with
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