GO
Loading...

Merkel Sees Urgent Need for Doha Trade Progress

European Union president Germany vowed on Thursday to push ahead with efforts to get a deal on world trade this year, stressing the need for an agreement was urgent.

"We will put a massive effort into getting a successful conclusion to the Doha round," Chancellor Angela Merkel said in a speech to the German parliament, adding greater liberalisation of world trade would benefit EU members and developing nations.

"There is a great urgency to make progress on this," she said.

The World Trade Organisation's Doha round of negotiations, launched more than five years ago to boost commerce and ease poverty, was revived last month after being suspended last year.

But recent meetings between the biggest of the WTO's 150 members have yielded little visible progress.

Merkel also said she wanted to work towards closer trade ties with the United States.

"We want to expand our efforts on world trade -- I say expand on purpose as sometimes there is some confusion about this -- through a closer transatlantic economic partnership," Merkel said.

"This is about things like greater harmonisation of regulations," she said.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More*

Don't Miss

U.S. Video

  • CNBC's Tyler Mathisen looks back at the week's top business and financial stories. The markets were closed for Thanksgiving, but did manage to hit new highs. Low oil prices gave consumers more money to spend for Black Friday.

  • Cyber Monday deals on Walmart's website on Dec. 2, 2013.

    CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top stories. The jobs report comes out this week, as do auto sales. And the Rockefeller Center Christmas tree is lit.

  • Following last week's wild energy ride, analysts expect oil prices to continue to drop during the holiday season. CNBC's Patti Domm reports.