The Fate of Doha Development Agenda
<p class="first" id="d162075e58">[The Doha Round of Multilateral Trade Negotiations, despite the passage of over a decade, remains inconclusive - rather in a stalemate. The progress continues to hinge on the resolution of issues pertaining to Agricul...
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Format: | Article |
Language: | English |
Published: |
Pluto Journals
2012-01-01
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Series: | Policy Perspectives |
Online Access: | https://www.scienceopen.com/hosted-document?doi=10.2307/42922706 |
Summary: | <p class="first" id="d162075e58">[The Doha Round of Multilateral Trade Negotiations, despite the passage of over a
decade, remains inconclusive - rather in a stalemate. The progress continues to hinge
on the resolution of issues pertaining to Agriculture, Non-Agriculture Market Access
and Services as well as balancing of commitments and concessions by the WTO members.
The strong positions taken by the US remain as the major hurdle. Considering the US
presidential elections in November 2012, the possibility of country's entering in
any meaningful dialogue anytime soon, is remote. The US legislation guaranteeing five-year
subsidy to agriculture passed in 2008 is also a bottleneck in early resumption of
Talks. The European Union is too stuck in the Euro crisis and may be reluctant to
join the negotiations at this stage. While rounds of trade negotiators have lingered
on in the past as well and then concluded successfully, the world leaders are so preoccupied
with their domestic issues to have the courage and far sight to set aside their narrow
interests. Therefore, an early and successful conclusion of the round seems quite
difficult.]
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ISSN: | 1812-1829 1812-7347 |