Soon after Pascal Lamy took over as chief of the World Trade Organisation in September he expressed confidence that at the Hong Kong ministerial, "two-thirds" of the work in the Doha round would be completed. Within two months, the WTO chief had to take the unusual step of virtually downgrading the Hong Kong meeting to a launching pad, another intermediate stage on the road to reaching full modalities in the round. A dispassionate analysis would reveal that this time as well, the EU and US, the two dominant actors are more to be blamed than the others. The G-20 group of developing countries, notwithstanding some major differences between its two drivers, Brazil and India, has however played a constructive role in advancing the negotiations.