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7/18/06

Scotsman.com News -- Trade powers pick up pace of WTO rescue push - by Robert Evans and Laura MacInnis

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Trade powers pick up pace of WTO rescue push - by Robert Evans and Laura MacInnis

GENEVA (Reuters) - Ministers from the world's top trading nations intensified attempts to rescue a global commerce deal on Monday after signals that their political leaders could be more flexible. World Trade Organisation chief Pascal Lamy warned the Doha round was doomed to failure without more room for manoeuvre and soon after the ministers from the so-called Group of Six agreed to meet again on July 23-24 and July 28-29 in Geneva. "The moment of truth will emerge in the next two weeks," Indian trade minister Kamal Nath told reporters after brief discussions with ministers and officials from the European Union, the United States, Brazil, Japan, and Australia. Monday's meeting in Geneva was called quickly after leaders of the industrialised G8 countries on Sunday set a one-month deadline to get the Doha round back on track.

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