BREAKING NEWS

WTO ends meeting with no move forward on Doha

By REUTERS

DECEMBER 18, 2011 00:53

GENEVA - The World Trade Organization closed its biennial ministerial conference on Saturday with its chairman citing an improved atmosphere in the 153-member club but no concrete moves forward on the Doha round of world trade talks.

Little was expected from the meeting on Doha, a deadlocked negotiation that has caused a crisis of confidence in the global trade body.

Nigeria's Trade Minister Olusegun Olutoyin Aganga acknowledged in a "chairman's statement", the least ambitious form of resolution, that the negotiations were stuck, with "significantly different perspectives on the possible results that Members can achieve in certain areas".

But speaking for himself, Aganga said constructive dialogue between ministers over the three-day meeting had improved the atmosphere and outlook for the WTO.

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