"THE Asia-Pacific leaders, His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam among them, do not foresee a conclusion in the "near future" to decade-old trade negotiations, under the umbrella of the World Trade Organisation (WTO), that have continuously been delayed.
"We have deep concerns regarding the impasse confronting the Doha Development Agenda (DDA) and the reality is that a conclusion of all elements of the Doha agenda is unlikely in the near future," leaders of the Asia-Pacific Economic Cooperation (Apec) said in a statement at their 19th meeting here yesterday.
The DDA aims to achieve a major reform of the international trading system through the reduction of trade barriers and revision of trade rules. With a work programme of about 20 "elements" or areas related to trade, the agenda missed its deadlines in 2005 and in 2006. Efforts were also made in the subsequent and recent years to reinvigorate the talks."
The DDA aims to achieve a major reform of the international trading system through the reduction of trade barriers and revision of trade rules. With a work programme of about 20 "elements" or areas related to trade, the agenda missed its deadlines in 2005 and in 2006. Efforts were also made in the subsequent and recent years to reinvigorate the talks."
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