AUSTRALIA has expressed disappointment at the failure of the fifth Ministerial Conference of the World Trade Organisation in Cancun to take the next step in the important Doha round of global trade negotiations.
“The meeting was supposed to be about securing real increases in market access for farmers, manufacturers and service providers from all members,” Trade Minister Mark Vaile said.
However, the meeting was deadlocked by disagreement on Singapore issues – trade and investment, trade and competition, transparency in government procurement and trade facilitation. This precluded the possibility of negotiations on agriculture and industrial products at Cancun.
Mr Vaile said Australia would be making the strongest contribution it can to future discussions in the coming months.
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