WTO TALKS’ COLLAPSE COULD BE ‘BEST FOR POOREST’ – MEP
POOR NATIONS WOULD BE BETTER OFF WITH NO DEAL THAN A BAD ONE
FAILURE to reach agreement on trade talks at the WTO in Geneva this
week could benefit some of the poorest nations in the world, according to an
EU delegate to previous WTO ministerial summits.
Caroline Lucas, Euro-MP for South-East England and Principal Speaker of the
Green Party, urged developing nations to ‘walk away’ from the meeting in
Geneva, rather than agree to trade terms which would undermine their own
prospects for development.
Dr Lucas, a member of the European Parliament's International Trade
Committee said: “These talks were supposed to herald agreement on the ‘Doha
Development Round’, the conclusions of negotiations which were supposed to
put development and the concerns of the poor at the heart of trade policy.
“Instead, the EU and US are continuing with their aggressive strategy to
force open the industrial markets of poorer countries to foreign
competition, whilst refusing to swiftly remove agricultural export subsidies
“This marks a cynical betrayal of previous promises. A deal along the lines
of the one currently on offer could potentially do more harm than good for
"Unless the terms of the negotiations improve dramatically, developing
countries should continue to press for a much better outcome rather than
giving way to pressure to agree a deal within the current timeline.
"Frankly, some of the world’s poorest nations would be better off with no
deal than a bad one.”
Heads of state meet in Geneva this Friday (June 30th) for the talks, which
will discuss opening up new areas to world trade in exchange for greater
access to EU and US markets for developing world farmers.