Monday, November 29, 1999

No quick fix in Doha trade round, U.S. envoy says

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There can be no quick fix to end the deadlock in the World Trade Organisation's long-running Doha Round talks, the new U.S. ambassador to the WTO said on Monday.To achieve a breakthrough it is vital for China, India and Brazil to step up to their responsibilities as major world economic players and engage in hard negotiations in Geneva, the envoy, Michael Punke, told reporters.The three had to open up their economies "to the degree that is commensurate with the benefit they have gained from participating in the global economy" in the push for a new global trade accord, Punke said.(Editing by Laura MacInnis)(For more business news on Reuters Money visit http://www.reutersmoney.in)
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