-Caveat Lector-
> WTO '99: Failed trade talks had "no chance" of consensus
> 6-Dec-99 00:22
> SEATTLE --Talks at the World Trade Organisation (WTO) ministerial meeting
> here - intended to launch a major new international trade round - broke-up
> Friday night when negotiators conceded that there was no chance of
> reaching consensus.
> Negotiators told reporters that they were not even close to agreeing on
> fundamental issues such as the scope of a new trade round or the basic
> governing procedures the WTO should use to negotiate terms of agreements.
> Environmental, consumer and labour groups hailed the talks failure, saying
> that it was a major blow to efforts to expand the WTO.
> Progress on a number of issues of importance to the chemical industry will
> have to wait until WTO members can muster consensus for launching a new
> round of trade talks. Among key chemical industry issues left unresolved
> were accelerated tariff liberalisation, reduction in non-tariff
> impediments to trade, harmonised international regulations governing trade
> in genetically modified organisms, and enhanced intellectual property
> protections.
> US Trade Representative Charlene Barshefsky told reporters that the WTO
> might hold a meeting within 6-12 months in another attempt to set an
> agenda for a trade agreement.
>
>
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