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The Doha Round And Wto Essay

3589 words - 14 pages

EXECUTIVE SUMMARYThis Agreement provides the basis on which the Doha Round of negotiations will progress. For example, a detailed framework for establishing modalities in agriculture negotiations was adopted. As per the Framework Agreement, the Doha Round of negotiations will come to an end by December 2005, when the sixth Ministerial Conference of the WTO will take place in Hong Kong, China. However, given the realpolitik of negotiations, it is expected that the Hong Kong Ministerial Conference will adopt a work-in-progress report (the one that the Cancún Ministerial was suppose to do) and the Doha Round will continue at least till 2007 (when the seventh Ministerial Conference of the WTO will take place).Other than contentious issues on agriculture, it is being perceived that 'services' negotiations will take much more time than expected, while countries are expected to buy more time to negotiate trade facilitation. 'The outcome of the Doha Round will have significant implications on international trade and national development. This is more so for developing countries, as international trade is increasingly linked with livelihoods and associated national development (poverty reduction)strategies.'( WTODoha Round & South Asia Linking Civil Society with Trade Negotiations.htm)INTRODUCTIONThis report is organized into four chapters, each of which deals with a major aspect of the Doha Round of the WTO :In November 2003 the members of the WTO met to discuss the way forward for a new round of trade negotiations.1.Why did they do this?2.What issues were discussed?3.Which were the most controversial and why?4.What effect would the successful conclusion of the Doha Round have on international business?'The World Trade Organization (WTO) is the global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.'WTO news www.wto.org/ 11/26/20051. Why the Doha Round Agenda had the meetingThe multilateral trading system embodied in the World Trade Organization has contributed significantly to economic growth, development and employment throughout the past fifty years. We are determined, particularly in the light of the global economic slowdown, to maintain the process of reform and liberalization of trade policies, thus ensuring that the system plays its full part in promoting recovery, growth and development..For the aim, the members of the WTO met to discuss the way forward for a new round of trade negotiations .2.What issues were the Doha Round Agenda discussed2.1.World business, the rules-based multilateral trading system built up through the World Trade Organization (WTO) is one of the central pillars of international cooperation.' It has contributed greatly to liberalizing world trade and...

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