With not much movement towards concluding the decade old Doha Round, WTO chief Pascal Lamy said that lack of political will on part of member countries is holding the global
Nations which were on the periphery of the global landscape are becoming its core, thanks to the "unimaginable" role being played by fast-rising India, China and other emerging economies, WTO
While Barack Obama did not discuss on various protectionist measures during his India visit, Pascal Lamy, director general of World Trade Organisation, feels it would worsen the situation.
“The macro-economic
Global trade will face lingering protectionism for up to two years, as the job market reels from the global financial crisis, World Trade Organization Director-General Pascal Lamy said on Thursday.
The World Trade Organisation must remain vigilant about protectionism .
Lamy issued a letter to negotiators after more than two hours of talks.
WTO Director-General Pascal Lamy urged member nations to show flexibility.
The wording of a report intended to summarise last month's abortive trade talks on industrial goods has upset the United States, making any early resumption of the negotiations harder.
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