Continued breakdown of global trade talks PDF Print E-mail
Written by Stumo   
Wednesday, 25 July 2007

Six years of Doha Round trade talks.  No results.  Hip hip hooray.  Why are they still there?  Because the line items in government budgets still fund the travel and hotel rooms.  For their very serious talks in very nice places.

India and Brazil are to blame, says USTR Susan Schwab.

The U.S. and Europe are to blame, says Indian trade minister, Kamal Nath.

We are certainly not the problem, says Celso Amorim, the Brazilian foreign minister and trade envoy.

Here's the best quote from the linked article.

“A lot of developing countries are seized with the idea that if they undertake tariff reductions, they’re going to be overrun by Chinese goods,” said William A. Reinsch, president of the National Foreign Trade Council in Washington, a protrade lobbying group. “It’s going to be hard to disabuse them of that fear.”

Yes, Mr. Reinsch.  It is very hard to "disabuse them of that fear."  Because it is true.  And domestic economies will be devastated.  But disabusing people of reality has been done, so have at it.

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