Pascal Lami,Director of the World Trade Organization,noted progress at the G8 summit in Italy last week:1.solid impetus,solid commitment to push back protectionist tendencies;2.commitment to finish the Doha round of negotiations;3.commitment to keep pushing on open trade,which is what developing nations need.As compared to last year,the U.S. and India have expressed the political will together.There remains a bit of compromising to be done,but their commitment to Doha 2010 is something new,Mr.Lami observed.
The G20 group of developed and key developing nations are to meet in Pittsburgh,Pennsylvania in September.The G8 summit may be considered to have been preparation for what many believe to be the more significant meeting.
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