Saturday, July 26, 2008

Die another day

The Doha talks are doing their best James Bond and simply refuse to die. Word is coming out of Geneva that after another marathon session, the G-7 (the major Doha players: Australia, Brazil, China, EU, India, Japan, United States) have come to some consensus over a general plan advanced by WTO Director General Pascal Lamy. It must be stressed, of course, that this remains a vague framework with the specifics yet to be determined, but it is a way forward and talks are going into overtime. Of the G-7, only India is expressing serious reservations about Lamy's framework, and Brazilian foreign minister Celso Amorim has raised his predictions of success from "50-50 to 65-35." You gotta love his precision - let's hope he's right.

Bridges has the deal's specifics if you want to get into the nitty gritty.

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