A mini-ministerial meeting of the World Trade Organization is taking place starting on July 21 in Geneva in an attempt to revive the failed Doha Development Round.
New draft texts were released last week. Our main trade negotiator, Secretary Peter Favila, has not even read it.
In Hong Kong during the 6th Ministerial in December 2005, we campaigned that “no deal is better than a bad deal.” I maintain the same position emboldened as it was by the recent food crisis. I believe that the crisis is the direct result of failed policies of multilateral agencies like the World Bank, IMF and WTO.