The EU and the US must put radically new offers on the negotiating table in the New Year or risk seeing this round of WTO development talks grind to a standstill, says international agency Oxfam.
In a new report “What happened in Hong Kong?” published today, Oxfam says that unless the EU and US make immediate and genuine offers to reform their domestic farm subsidies and open their markets to developing countries, then the talks could drag into the next decade.
This would prolong an unjust world trading system that condemns developing countries to poverty. “Developing countries will not finalise a bad deal and that means rich countries cannot just continue in 2006 where they left off in Hong Kong,” said Oxfam International executive director Jeremy Hobbs.
See full Press Release.
Posts
