ICC reaction to breakdown of G4 talks in Potsdam
ICC very much regrets what appears to be a further setback to the Doha round of world trade negotiations, which we consider to be of major importance to the future health of the world economy.
World leaders at the very highest level must throw their full weight behind reaching common ground and use their influence to get the deal done,” said Marcus Wallenberg, Chairman of ICC and Chairman of the Swedish banking group SEB. “This must be done quickly to give enough time to governments to hammer out the technical details so that a final deal can be reached by year-end.”
“A successful Doha round agreement will create opportunities to raise living standards in both developed and developing countries. It will also reinforce the multilateral trading system that has served the world so well for the past 60 years,” Mr Wallenberg added.
ICC has consistently called for strong government action to reach an agreement on the Doha round that is ambitious, balanced and comprehensive.