Trade versus Aid Former New Zealand Trade Ambassador Mike Moore made note that through most of the multilateral trade negotiations, developing countries had never been asked to offer any concessions. Instead, rich countries led the negotiations, made their own concessions and then gave some breadcrumbs to the poor countries. As a result, the developing countries still see this as the primary function of the WTO. Unable to reach a consensus on most issues ahead of the MC-12 ministerial, DG Ngozi Okonjo-Iweala has a draft text that mostly says that members will continue best endeavors to reach an agreement.  The failure to include a permanent concession to public stockholding has upset developing countries. One coordinator for a bloc o...

TAGS – Europe, Macroeconomics