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Davos 2011

Davos talks Doha trade agreement

Saturday, January 29, 2011 - 01:29

Jan 28 - Political leaders in Davos are adding their voices to calls for an agreement at the long-running Doha talks in order help the global economy. Sonia Legg reports.

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It's been a day of Doha in Davos - with the trade agreement top of the agenda. The Doha round was started almost a decade ago to boost the world economy and help poor countries prosper. With many countries now dealing with huge debts, trade policy-makers say negotiators in the long-running talks must now be allowed to make more concessions. German Chancellor Angela Merkel and Britain's Prime Minister David Cameron are both keen to see an agreement. SOUNDBITE: GERMAN CHANCELLOR ANGELA MERKEL (GERMAN WITH ENGLISH TRANSLATION) SAYING: "Free trade is maybe the most simple way to really encourage growth worldwide and it is also the fairest way and that's why the completion of the Doha round is of utmost importance." SOUNDBITE: BRITAIN'S PRIME MINISTER DAVID CAMERON, SAYING (English): "I think one of the biggest problems with this is frankly the apathy and cynicism that people rightly feel after 10 years of not getting the deal done. People feel that this is somehow like Monty Python's dead parrot but we won't stop talking about it . I profoundly believe that it's not true." Economists differ over the impact of opening markets in food, industrial goods and services like banking and law. Several studies show a new trade agreement could add hundreds of billions of dollars to the world economy. The talks have missed repeated deadlines but with this gear change in Davos some believe the necessary trade-offs are now possible. Sonia Legg, Reuters.

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Davos talks Doha trade agreement

Saturday, January 29, 2011 - 01:29