NEW YORK – The breakdown of the latest round of global trade talks has clearly weakened the multilateral trading system, a system originally designed to offer a fair trade system to all. The collapse of negotiations on July 29th in Geneva, is yet another lost opportunity for creating a more just and fair trading system long promised to poor countries.
The Millennium Goals brought together for the first time a shared vision on development representing a global partnership based on a shared responsibility by all countries. Developing countries have primary responsibility for achieving the Goals. But rich countries acknowledged in Goal 8 that poor countries can not achieve the goals unless rich countries increase and improve the effectiveness of their aid as well as change the rules of trade to foster development.
Topics
Role of Northern countries, Goal 8, Role of Southern countries

