May 22, 2018

Doha, High Prices and Ethanol


Alan Beattie, writing yesterday at the Financial Times Online, reported that, “The head of the World Trade Organisation has called a meeting of ministers for late July in a high-risk attempt to rescue the beleaguered Doha round of global trade talks.”

Mr. Beattie explained that, “Gordon Brown, the UK prime minister, said: ‘I believe this is the endgame for the trade talks … I think we are in touching ­distance.’

“But some trade officials warned that large negotiating gaps remained between the leading countries and said Mr Lamy’s decision to call a meeting was a gamble that could lead to a high-profile implosion.”