WASHINGTON — Despite the failure of last year's World Trade Organization meeting in Seattle, panelists and participants at a recent symposium in Washington remain hopeful that a new round of multilateral trade talks will be launched before the end of next year.

Entitled "The WTO After Seattle," the symposium was organized by the International Institute of Economics with the cooperation of Keizai Koho Center's Washington Office. The symposium, held July 27, attracted several hundred scholars, diplomats and U.S. government officials, as well as Japanese businessmen and bureaucrats.

Coming hard on the heels of the Group of Eight Summit in Okinawa, IIE Director C. Fred Bergsten welcomed the G8's call for the launch of a new WTO round before the end of this year, but cautioned that much work remains to be done.