France sees little chance of trade accord

8th August 2007, Comments 0 comments

PARIS, Aug 8, 2007 (AFP) - WTO trade liberalisation talks stand little chance of bearing fruit given the proposals under discussion by negotiators, French Secretary of State Herve Novelli warned Wednesday.

PARIS, Aug 8, 2007 (AFP) - WTO trade liberalisation talks stand little chance of bearing fruit given the proposals under discussion by negotiators, French Secretary of State Herve Novelli warned Wednesday.

Novelli told a press conference he saw "few chances" that the Doha round of talks aimed at reducing global trade barriers would succed given what was "on the table."

"The proposals have to be substantially improved," he said, adding that talks "have stumbled on the questions of (trade in) agriculture and industry."

The Doha round aimed at extending the benefits of freer trade to poor countries was launched in the Qatari capital in November 2001 but has foundered ever since.

Emerging market and developing countries are demanding lower tariffs for their goods exported to industrialised nations.

Rich countries are for their part seeking greater access for industrial products in emerging and developing nations.

Negotiators, operating under the auspices of the World Trade Organisation, will open a new series of talks in Geneva September 3.

AFP

Subject: French news

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