Before the ability to “round the global recovery” can be started, the trade ministers of the 20 member countries of the World Trade Organization (WTO) has a meeting on the sidelines of the World Economic Forum world (WEF) in 2013.
Meeting to discuss the results can be achieved in the WTO ministerial meeting expected to be held from 3-6/12 this year at Bali, Indonesia.
A delegate at WEF Davos 2013 review is very important because it is the earliest signs that the process of preparing for Bali in the coming months, and the general direction for what will take place in Bali later this year.
WTO member countries aim to complete small-scale package deal from the Doha round of trade negotiations that are currently in 12th years of negotiations. One of the reasons that the Doha Round into a dead end due to its large size. In 2001, when the Doha boot started, the number of participating countries is 149, and is now up to 159 members, while within the first world trade negotiations organized by the WTO in 1947 only 23 member states. Huge number of members, but Doha is not broken down, leading to the general results can not be achieved.
Davos 2013 is also an opportunity for the candidate locations WTO Director General expressed his views for the next step in preparing for the Ministerial meeting in Bali, and introduced herself before representatives of the WTO members.
The 43rd annual meeting of the WEF in Davos took place continuously from 23 to 27/1 with the participation of 2,500 delegates from more than 100 countries and 1,400 international organizations.
In the meeting last week, the participants undertook to discuss a range of issues such as climate change, debt crisis, escalating civil war in Syria.
Speaking at the Forum, former Mexican President Felipe Calderon has warned the crisis of climate change potentially devastating global economy. As General Director of the International Monetary Fund (IMF) Christine Lagarde said that if no action on the issue of climate change, the future generations will pay the price and “hot turn.”
According to the Environmental Defense Fund president Fred Krupp, the issue of climate change at Davos remained virtually stagnant for the past two years and now everything has changed before the price actually paid.
About businessmen and politicians have only limited response to evidence of the harsh weather conditions increasing from super typhoon Sandy in the U.S. last month 10/2012 to the terrible heat wave in Australia this month.
Regarding the European debt crisis, Chairman of the European Central Bank (ECB) Mario Draghi continued to assert the existence of the common currency even though it suffered the impact of the economic crisis.
Speaking in Davos, Mr Draghi said 2012 could be considered in the re-release the euro before the event.
ECB President predicts economic recovery for the euro zone at the end of this year, but economists Barry Eichengreen warns debt crisis has weakened Europe until the center, which can be easily flare up again this year, unless European leaders to accelerate the resolution of their problems. /.