December 10, 2007

Experts Say Consensus Should No Longer Be Deal Breaker in World Trade

Writing about web page http://www2.warwick.ac.uk/newsandevents/pressreleases/wcreport

The Warwick Commission, a panel of leading specialists on world trade is this week publishing the results of its 10 month study of the state of the world trade system. They are concerned about what they see as a dwindling commitment to multilateralism in global commerce and critical of national political leaders’ reliance on “the politics of blame and responsibility avoidance” in trade talks. They call for an end to the reliance on consensus decision-making in future negotiations; a bigger role for the World Trade Organization in the delivery of Aid for Trade to developing countries; escalating financial compensation as a means to resolve some trade disputes and a high level ‘reflection exercise’ on the future of the trade system by the members of the WTO.


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