In sum the costs of failure in the wto talks would be

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countries. In sum, the costs of failure in the WTO talks would be  substantial. The WTO Chief, Pascal Lamy, believes that the Round fell apart  because “too many negotiators focused on the small picture,  forgetting the bigger one”. Lamy said that countries must shift their  focus away from domestic politics and broaden their vision. In 
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essence, the Doha Round won’t move forward until negotiators stop  asking their counterparts “What can you do for me?” and address  instead the more complementary task of “How can you help me  undertake reform of my own policies so we both can achieve our  development objectives?” Whilst the Doha Round was formally suspended, informal  discussions have been ongoing as trade ministers have had the  opportunity to meet on the sidelines of the World Economic Forum  held in Davos, Switzerland. At the 26th January 2008 meeting in  Davos the EU Trade Commissioner, Peter Mandelson, warned that  the trade round could fail if a deal was not struck this year. His  Brazilian counterpart, Celso Amorim, said that if 2007 had been a  “window of opportunity” to reach a trade deal, then 2008 would be  the “window of necessity”. US Trade Representative, Susan Schwab said that the Bush Administration had made “a very clear  commitment to achieve a trade deal in 2008”. The Indian Minister for  Trade and Commerce, Kamal Nath, stated that he was prepared to  negotiate on commerce. The upcoming 2008 US Presidential Elections seems to have  brought a renewed sense of urgency and willingness to negotiate to  the members of the DDA negotiating team, as reflected by the  statements of representatives of four of the six key players in the  negotiation. This momentum has been further heightened by the  present financial crisis and current world economic uncertainties. Meetings for negotiations and releases of revised texts of the major  sub-classifications such as Agriculture, Services, Trade and  Environment and Trade Facilitation have all been scheduled for mid- late February 2008 according to a WTO Doha Round Bulletin Board. While these all show progress and a move in the right direction it by  no means indicates that the DDA will be brought to a successful  completion as there is a fairly powerful tide against which to row. The Doha Round won’t reach a conclusion unless the major trading  nations increase the ante at the bargaining table. The DDA is closer  than it has ever been to reaching a successful conclusion and the 
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parties involved appear to be more willing to compromise to reach an agreement. However, my belief mirrors that of the Swiss Economics  Minister, Doris Leuthard, in that if the Doha Round cannot conclude 
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