Monday, July 28, 2008

Forces Of Darkness Fight Rear Guard Action

Sunday was meant to be a day of reflection, consolidation, and a day in which the Chairs could convert Friday's framework package into revised texts. Unfortunately India and others have been using the day to try and disrupt the integrity of the package. Most of these attempts have made it into the media.

It was not all bad news however, the long running banana issue seems to have been solved.

From our perspective, possibly the most serious problem now is China's position on NAMA sectorals.

The reaction to today's revised texts will be telling. We still see things as more positive than negative but this negotiation is so finely balanced it could blow apart on any issue. The beauty of Friday's position was thaat it was a package. It could not be changed. No one was entirely happy, but everyone gained more than they "lost".

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