But probably none will be realized if the general agreement completing the Round is not concluded. For the rule governing global trade rounds is that nothing is deliverable until everything is agreed.

Subject to funding, a prototype of the ETP is expected to be ready in 2007, and the final system and deliverable to be implemented is expected in the first half of 2008.

It is deeply troubling that the US has allocated 185 billion to augment its nuclear stockpile over the next decade, on top of the ordinary annual nuclear weapons budget of more than 50 billion. Just as unsettling is the Pentagon s push for the development of nuclear armed drones H bombs deliverable by remote control.

The most significant deliverable of the OECD s BEPS initiative lies in its new country by country reporting requirements, which force multinationals to provide aggregate information annually, in each jurisdiction where they do business, relating to the global allocation of income and taxes paid. They must also provide information about which entities do business in each jurisdiction and the economic activities in which they engage.