Davos Annual Meeting 2007 - Frozen Trade Talks

http://www.weforum.org 27.01.2007
Frozen Trade Talks and the Need for Progress
Doha's apparent failure has given rise to a debate on the role of multilateral, regional and bilateral factors in shaping the international trade agenda. Meanwhile, it remains unclear if, and how, businesses have been affected.
1) How are regional and bilateral factors influencing the future of international trade?
2) What is at stake in maintaining a healthy global trade regime?
3) Should the manner in which multilateral trade agreements are negotiated be overhauled?
Akira Amari, Minister of Economy, Trade and Industry of Japan
Celso Amorim, Minister of Foreign Relations of Brazil
Pascal Lamy, Director-General, World Trade Organization (WTO), Geneva
Doris Leuthard, Federal Councillor of Economic Affairs of the Swiss Confederation
Peter Mandelson, Commissioner, Trade, European Commission, Brussels
Kamal Nath, Minister of Commerce and Industry of India
Susan Schwab, US Trade Representative
Moderated by
John K. Defterios, Group Vice-President, Content and Anchor, United Kingdom, FBC Media, United Kingdom

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I read to Lamy, the confidential document which begins with praise for free markets in derivatives and more, what the WTO calls liberalization.

GREG PALAST: Liberalization, is of benefit for all members, including developing and least developing countries. Given whats just happened after the financial crisis, isnt that kind of insane?"

PASCAL LAMY: All depends what you mean by liberalization; which by the way, a very ambiguous English word.