The Trade Experts Group interim report was launched at Davos on Jan 28th 2011, 1800 GMT.
The British Prime Minster David Cameron welcomed the findings outlined in the report “The DOHA Round: Setting a dealine, defining a final deal: Interim report – January 2011” , which pushed for substantive agreements to be concluded by the summer of 2011, to ensure that the success of the current round of trade negotiations by the end of this year.
Speaking on Thursday 27th Jan, the WTO director general Pascal Lamy said the next stage of the Doha talks would be the first one “where some developing countries will pay a price in terms of market access in manufacturing, in agriculture, in services“.
However, David Cameron, took the opportunity at Davos to emphasize the experts’ opinion that completing the Doha Round will be of great benefit to developing and developed countries.
“Trade is the biggest wealth creator we’ve ever known. And it’s the biggest stimulus we can give our economies right now. A completed trade round could add $170 billion dollars to the world economy.
The four main arguments set out in the report are:
The final report from the group will be published in the spring of 2011 and is already gaining much support for its recommendation that world leaders to do more to combat protectionism and boost global trade to ensure growth and prosperity for all. This was a message that many at delegates echoed at DAVOs this year.
Notes to editors
Experts’ Group Terms of Reference
To assess the current environment for trade and to recommend the priority political and regulatory steps needed to increase global trade flows in the short and medium term, in particular: