GENEVA — Revised offers from the chairman of the Doha Round industrial goods talks aimed at lowering duties on manufactured goods that were circulated Monday appear to favor emerging nations.
The text of the new plan, a copy of which was obtained by WWD, gives developing nations options to limit new market access commitments but provides for deeper cuts from rich nations like the U.S. and those in the European Union, Western diplomatic sources said. However, the new plan drafted by Canadian chairman Don Stephenson has more possibilities for emerging developing nations such as Brazil, India, Indonesia and Pakistan to have more products subject to smaller tariff cuts.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"