Pacific Rim Leaders Urge New Focus on Global Trade Talks
Leaders at the Pacific Rim economic summit meeting declared at the end of their two-day meeting here Tuesday that the global trade talks known as the Doha round were at an “impasse” and urged trade ministers, due to meet here in December, to get negotiations back on track. In a strongly worded statement, the leaders of the Asia-Pacific Economic Cooperation forum, suggested the talks, run by the World Trade Organization and designed to reduce tariffs, particularly for the least developed countries, risked collapse. “We are now at the 11th hour to put the negotiating function of the World Trade Organization back on track,” said the statement, which was read by the host of the summit meeting, President Susilo Bambang Yudhoyono of Indonesia.
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