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Trade talks need concessions all round -Wolfowitz - ASHARQ AL-AWSAT English Archive
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Helsinki, Asharq Al-Awsat- World Bank President Paul Wolfowitz said on Saturday all sides need to give some ground if the Doha Round of world trade talks is to succeed.

Talks have deadlocked over tariff cuts, particularly in agriculture, and major players say the negotiations risk collapse before a key World Trade Organization (WTO) meeting in Hong Kong in December.

Wolfowitz said success was critical to improving the lot of developing countries.

&#34Everyone, developing countries and developed countries, is going to have to give a little, everyone, in order to get this process moving forward, which will benefit everyone around the world,&#34 he told a news conference on a visit to Finland.

He added that while agriculture was crucial, there also had to be some give and take on services and industry.

&#34Developing countries need to open up also and it”s not just agriculture, though I believe that”s the most important one for the poor countries, but there”s got to be some movement on services and manufacturing as well.

&#34It needs movement on a broad front.&#34

The World Bank president was quoted as saying by Reuters that benefits for developing countries would come almost as much from liberalizing trade among them as between them and developed countries.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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