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WTO's Lamy sees 60 pct chance of Doha round deal

29th May 2008

By: Reuters

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The chances of a successful conclusion to the Doha round of talks on a global trade deal are 60 percent, World Trade Organisation Director-General Pascal Lamy said on Thursday.

Asked by members of the European Parliament about the odds of a deal, Lamy said: "I would say 60 percent, which is more than 50 percent, but a lot less than 100."

The WTO's Doha negotiations to bring down barriers to exports around the world are now in their seventh year but face a crucial test in the next few weeks, after which the U.S. presidential election may cause years of further delay.

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Mediators last week published proposals they hope can help close the gaps, ahead of an expected meeting of ministers from WTO countries in June or July to seek a breakthrough.


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