Draft Nama text lacks balance, say developing countries

Besides, it violated the cardinal principle of a less-than-full reciprocity (LTFR) in Nama that requires developing countries to undertake bigger commitments than the developed countries.

In the first informal meeting held four days before the ministerial being convened by World Trade Organization chief Pascal Lamy, many developing countries have further hardened their stand on several aspects of the latest Nama text issued last week.

The chair, in the latest draft text, proposed that industrialised countries must accept a coefficient between 7 and 9, while developing countries must agree to a coefficient in three ranges