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N° 226 |
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| September 2003 |
| The WTO: in the Trough
of the Trade Round |
Lionel Fontagné Sébastien Jean |
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| The meeting at Cancún saw the North-South
divide take front stage in the multilateral trade negotiations. The proliferation
of alliances by developing countries has given way to a clearer division. On the
one hand, the trade and growth potential of the G22 countries allows this group
to begin real bargaining with the countries of the North and become
a key actor in the negotiations, alongside the European Union and the United States.
On the other hand, the least developed countries are likely to be the overall
losers within a general liberalisation process, given their trade preferences
with Northern countries and trade specialisations. The Cancún meeting ended
in failure as it did not take sufficiently into account the interests of the former
group or provide an adequate response to the latter. This failure clearly shows
up the need to reform the way in which negotiations are conducted. |
Abstract |
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