ABU DHABI: World Trade Organisation (WTO) negotiators extended talks again in Abu Dhabi on Friday as they struggled to break a political deadlock after five days of high-level negotiations.

It was far from clear whether a consensus could be reached among the WTO’s 164 members before the new deadline of late night. Several delegates warned that countries remained far apart as organisers announced a fifth extension.

“I think we’re leaving here empty-handed,” one delegate said.

On the fifth day of the ministerial meeting, most ministers had already gone home, with only India’s Piyush Goyal and European Trade Commissioner Valdis Dombrovskis staying back. Goyal was smiling and shaking hands outside a meeting room barely 30 minutes from an informal ministerial meeting, as delegates gathered in small groups next to a coffee stand.

Delegates were seen earlier huddled outside meeting rooms, drinking coffee while others were poring over documents or typing urgently on mobile phones.

Negotiators released new draft deals on Friday, which showed that all-night talks failed to reach a breakthrough. The biennial high-level meeting of trade ministers from around the world is seeking to revise global commerce rules on a broad range of issues from fishing and farming to e-commerce.

A document circulated by the WTO said, “Time is running out”. “It is everyone’s hope that this postponement allows reaching agreement,” it said.

Published in Dawn, March 2nd, 2024

Opinion

Accessing the RSF

Accessing the RSF

RSF can help catalyse private sector inves­tment encouraging investment flows, build upon institutional partnerships with MDBs, other financial institutions.

Editorial

Madressah oversight
Updated 19 Dec, 2024

Madressah oversight

Bill should be reconsidered and Directorate General of Religious Education, formed to oversee seminaries, should not be rolled back.
Kurram’s misery
19 Dec, 2024

Kurram’s misery

THE unfolding humanitarian crisis in Kurram district, particularly in Parachinar city, has reached alarming...
Hiking gas rates
19 Dec, 2024

Hiking gas rates

IMPLEMENTATION of a new Ogra recommendation to increase the gas prices by an average 8.7pc or Rs142.45 per mmBtu in...
Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...