James Kanter reported in today’s New York Times that, “Pascal Lamy, the director general of the World Trade Organization, has called a week-long meeting of ministers next month aimed at reaching a breakthrough deal on liberalizing global trade, officials and diplomats said Wednesday.
Mr. Kanter explained that, “The meeting is scheduled to be held over five days at the W.T.O. headquarters in Geneva starting July 21, with the goal of agreeing to specific tariff and subsidy cuts. Up to 40 countries are expected to attend.
“Sean Spicer, the assistant United States trade representative, warned that important differences remained between trading partners on the crucial areas of agriculture, industrial goods and services, the areas on which the talks would focus.
“But Mr. Spicer said there was ‘an opportunity for success’ if other countries ‘work with the same spirit’ and ‘make the same intensive efforts’ as the United States.”