Feb 14, 2008

Much More Work Needed At WTO

First substantive US reaction has emerged to the three texts that have been released. USTR Schwab says there is more work needed on agriculture before it can be put to Ministers. She did not comment on the services text but her general comment indicated that the US is underwhelmed. "Efforts to achieve consensus in the WTO are critical, but not if they generate a lowest-common-denominator outcome that fails to generate economic growth," she said.