Publication: WE!
Publication Date: 01-DEC-05
Delivery: Immediate Online Access
Author:
Article Excerpt
Not only was the recent World Trade Organisation ministerial conference in Hong Kong a failure, it was also a form of betrayal to developing countries worldwide. While some governments praised the latest Ministerial Declaration for protective commitments in agriculture, trade activists perceive the text as promoting the interests of developed nations.
Reactions ranged from disappointment and expressions of outrage over the betrayal to outright condemnation, seeing the outcome as an "affront to the poor." Majority agreed that the conference was a failure in terms of the development goals promised by the WTO, and only served to support the status quo, in which developed countries benefited at the expense of the economies of least developed countries (LDCs).
The bad end of the deal
The deal arrived at in HK involved getting LDCs to agree to a development package which the Africa Trade Network...
NOTE: All illustrations and photos have been removed from this article.
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