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Merkel at Davos calls for new WTO trade deal

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Merkel at Davos calls for new WTO trade deal

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German chancellor Angela Merkel, opening the World Economic Forum in Davos, has called on World Trade Organisation members to show flexibility in negotiations about a new trade deal.

She said all nations needed growth for employment, higher living standards and increased productivity: “The world’s economic potential rests on many more shoulders than it did a decade ago. We can see that through the extraordinary growth rate of the global economy. And that is good for all of us: industrialised nations, emerging countries and developing countries.”

The head of the WTO, Pascal Lamy plans to meet with around 30 trade ministers at Davos to try to restart trade talks, that are stalled over agricultural subsidies and market access.