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Bank Of America Investment By Barry Wood

Jan 30, 2005 (AXcess News) Davos, Reducing poverty in Africa was a key theme of the annual meeting of business and government leaders in Davos, Switzerland, that ended Saturday. The World Economic Forum also focused on environmental protection and improved global trade relations.

Investment Opportunity Trade officials held informal talks intended to boost the prospects of completing a new global trade liberalization accord by the end of this year.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.

IFAT is the global network of fair trade organisations and it aims to improve the lives of disadvantaged producers by linking and promoting fair trade organisations and working towards greater justice in world trade. The IFAT administer the Fair Trade Organisation mark, which means standards are being met regarding working conditions, wages, child labour and the environment. www.ifat.org

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In March 1999, the ICC was the first group to officially join the Compact, two months after Kofi Annan first launched the Global Compact in Davos. in a speech to a recent ICC conference, Kofi Annan praised the Chamber as "a highly valued partner of the UN." [⁷] reaching joint projects between the ICC and UN agencies include UN Conference on Trade and Development (UNCTAD), the UN Development Programme (UNDP) and UN Environment Programme (UNEP).

Banking Investment Jan 29, 2005 (AXcess News) Davos, Switzerland - At the World Economic Forum that is winding up Saturday at the Swiss resort of Davos, trade officials from several rich and developing countries held informal talks intended to boost the prospects of completing a new global trade liberalization accord by the end of this year.The discussions on trade have been numerous and informal. Key developing countries have met among themselves, and there have been broader talks with policy-makers from Europe and the United States.At issue is the Doha Development Round, a trade liberalization negotiation that was launched four years ago. The talks nearly collapsed two years ago, but have recently been revived. There are now hopes they could be successfully completed at a World Trade Organization meeting in Hong Kong in December.

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Investment Solution Strategic Outgoing U.S. Trade Representative Robert Zoellick says a deal is possible, but not assured. He said the major trading countries must play a constructive leadership role.

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Investment Banking Services "This round will not be successful, unless the U.S. and EU continue to play that [leadership] role," said Mr. Zoellick. "I wish Japan would play more of a role. But, this time, it is going to be fundamental that the bigger developing countries [such as] China, Brazil, India, South Africa, Egypt play a key role."

Bank Investment Mr. Zoellick says it is extremely difficult for 148 nations to reach unanimous agreement, as required by WTO rules.AdvertisementFrench Finance Minister Herve Gaymard cautions that there are still difficulties over agricultural subsidies, which were a key stumbling block that contributed to the near collapse of the talks two years ago. Mr. Gaymard says the United States and Europe have not yet reached consensus, but WTO members promised last year to negotiate an end to trade distorting agricultural subsidies.

Alternative Investment "To eliminate the export subsidies for agriculture in all countries, Europe, of course, but also the United States, and the other countries which have export subsidies, we will be very attentive about the coming negotiations to reach this goal by December in Hong Kong," he said.

Online Investment Services A Brazilian official, who hosted one of the informal gatherings here in Davos, said developing countries agree that export subsidies should end. But, he added, they have not yet agreed on opening up their own agricultural markets.

Accompany Essential Investment Over the next few weeks there will be further discussions in Geneva and in India on how to complete the Doha round.

Investment Company Source: Voice of America

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