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Home >> Business
UPDATED: 11:21, June 09, 2007
G8 leaders call for prompt conclusion of Doha trade talks
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Leaders from the Group of Eight (G8) industrialized nations called Friday for a prompt conclusion of the deadlocked Doha Round trade talks.

We "call on all WTO members to demonstrate constructive flexibility to bring these negotiations to a prompt successful conclusion," the G8 leaders said in a statement after they wrapped up their annual summit in Germany's Baltic sea resort of Heiligendamm.

Leaders from major emerging economies, including China, India, Brazil, Mexico and South Africa, also attended the last-day meeting, which brought together all four key members in the World Trade Organization (WTO).

The G8 comprises the United States, Britain, Germany, France, Italy, Japan, Canada and Russia.

"We urge ministers in charge of trade, in particular from leading developed countries and major emerging economies, to provide in the coming weeks a solid platform for a multilateral negotiation leading to an agreement on modalities," the statement said.

The Doha Round talks, initially launched in 2001 with the aim of alleviating poverty through fairer trade, hit a deadlock in July 2006 due to differences on agricultural subsidies and industrial market access among major WTO members.

Source: Xinhua


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