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Ministers to Lower Goals for WTO Summit

Tuesday, November 08, 2005 3:03:57 PM
By SAM CAGE

European Union Commissioner for Trade Peter Mandelson arrives at a meeting of trade ministers to discuss matters relating to the current round of trade negotiations at the World Trade Organisation, known as the Doha Round, at the World Trade Organization, WTO headquarters in Geneva, Switzerland, Tuesday, Nov. 8, 2005. (AP Photo/Keystone, Laurent Gillieron)GENEVA (AP) - Ministers from the world's top commercial powers said Tuesday that they would have to scale down expectations for a crucial meeting next month in Hong Kong that was supposed to deliver a framework deal for liberalizing world trade.

While some progress has been made in a hectic schedule of last-ditch talks around Europe, top trade officials conceded there was too little time to bridge their differences and one minister said that a second global trade summit might have to be called for early next year.

"There is a clear preference by the great majority to adjust expectations," said European Union Trade Commissioner Peter Mandelson.


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