September 7, 2007
US has Will, Flexibility for Successful Doha Round: Bush
Sydney
US President George W. Bush said here Friday that the US has both
the will and the flexibility to help conclude a successful Doha
Round.
"Doha represents a once-in-a-generation chance to open up markets
and to help millions rise out of poverty," Bush said in a speech to
business leaders gathered at the annual Asia-Pacific Economic
Cooperation (APEC) forum.
"The United States is committed to seizing this opportunity -- and
we need partners in this region to help lead the effort," he said,
noting that no single country can make Doha a success.
The Doha Round talks have come to a standstill because of
differences between the US, European Union, Brazil, India and
Argentina on eliminating trade barriers to agricultural produce and
manufactured goods.
The WTO negotiations resumed in Geneva early this week to discuss
draft texts aimed at ending the deadlock between developed and
developing nations. Bush said as negotiations resume in Geneva,
leaders in every country have to make tough decisions to reduce
barriers to trade. "We must focus on what we have to gain, not what
we could lose," he said.
The expansion of trade creates jobs, the expansion of investment
creates opportunities for people on this side of the Pacific, and it
opens up new markets for American workers and farmers and
entrepreneurs, said the president.
It is in the interest of the US to liberalize trade and investment
at every level -- globally, regionally, and with individual nations,
he noted. "I believe that the best way to open up markets is through
the Doha Round of trade negotiations," he said.
APEC accounts for nearly half of the world's trade, and its members
include Australia, Brunei, Canada, Chile, China, Hong Kong, Taiwan,
Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea,
Peru, the Philippines, Russia, Singapore, South Korea, Thailand,
Vietnam and the US.
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