As if the debate on Special and Differential Treatment (SDT) at the WTO wasn’t heated enough, the World Bank has decided to up the temperature a little with its own, highly partisan, contribution.
A coalition of NGOs have drafted suggestions for the work agenda for the WTO working group on trade, debt and finance.
The Bank is divided between its role as advocate of the poorer countries in calling for increased market access and its continued hand in pushing unilateral trade liberalisation.
New Bretton Woods Update feature providing readers with an easy-to-understand summary of the Bank’s work on trade, relevant contacts and web information.
The proposal by seven African countries that the World Trade Organisation (WTO study the impacts of trade liberalisation measures imposed by structural adjustment programmes (SAPs) before launching another round of tariff-cutting negotiations has been ignored.
The draft Ministerial Declaration for the World Trade Organisation’s Doha Meeting in November calls for the WTO to cooperate more closely with the World Bank and IMF.
The World Bank has pledged to “intensify its trade-related activities” by increasing its research, training and advocacy at global and country levels.
Developing countries’ exports, particularly agriculture and textiles, should have comprehensive and predictable duty-and quota-free access to rich countries markets if they are to benefit from outward-oriented reforms, concluded the Development Committee.
At the Seattle meeting of the World Trade Organisation (WTO) in late November, the World Bank confirmed that it will expand its work on trade.