Report (2008) of the Working Group on Trade, Debt and Finance to the General Council

World Trade Organization WT/WGTDF/7 9 December 2008 (08-6060) REPORT (2008) OF THE WORKING GROUP ON TRADE, DEBT AND FINANCE TO THE GENERAL COUNCIL 1. The Working Group on Trade, Debt and Finance met on 10 July and 26 November 2008 under the Chairmanship of Mr. Martin Glass, Permanent Representative of the Hong Kong Special Administrative Region of China. 2. At the meeting on 10 July, at the suggestion of the Chairman, several delegations made statements on issues that they regarded as important for the direction of the Group's work, in particular the need to review the implications of the current financial crisis for traders, investors and in general for the world trading system – for example issues related to the availability of trade financing for developing countries. On this latter point, the Secretariat debriefed the Group about the outcome of an Expert Group Meeting on Trade Finance that had been convened by the WTO on 25 April. The Secretariat's r