As we prepare to leave for the 11th WTO Ministerial Conference in Buenos Aires, there is not much hope for great results. But that doesn’t mean that all the time and effort will be wasted. In the margins progress is made. The challenge will be to try and build on that progress in the future.

The ongoing negotiations in the WTO are unusually difficult to predict right now. On one level there are intensive negotiations on concrete and important issues. But on another level a bigger and more ideological discussion is growing in importance. We need to stay focused and tread lightly.