Do More With Reuters
Partner Services

Doha progress next week tough but possible - Brazil

Fri Sep 5, 2008 12:48am IST
 
Email | Print | | Single Page
[-] Text [+]

BRASILIA (Reuters) - A breakthrough in the Doha round of global trade talks next week will be difficult to achieve but is possible, Brazil's Foreign Minister Celso Amorim said on Thursday.

"We think it's possible to reach an accord. We know it's difficult. There's no magical formula," he told reporters in Brasilia.

U.S. Trade Representative Susan Schwab said earlier on Thursday that senior trade officials will meet in Geneva next week to explore options for reviving world trade talks two months after the negotiations collapsed.

The main reason for the July collapse was a sharp disagreement between the United States and India over the terms of a safeguard mechanism to allow developing countries to raise tariffs on agricultural imports in response to a surge.

Amorim said he had spoken to the Indian Commerce Minister Kamal Nath earlier on Thursday and would talk to World Trade Organization Director General Pascal Lamy later in the day about the Geneva meeting.

He said the conditions for talks were now better than when they collapsed because countries had been poorly prepared to tackle the safeguard issue in July and negotiators had been exhausted after days of non-stop talks.

Brazil has been a key player in the Doha round, trying to forge a common front among developing countries.

Photo

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage