The on-going Doha Round of multilateral trade negotiations has
colossal long and short term significance for the global economy.
It has much to achieve for the WTO members, irrespective of the
fact whether they are industrial or developing economies or the
least developed countries. It was launched in Doha, Qatar,
following the Fourth Ministerial Conference of the WTO during 9th
through 13th November 2001. Trade ministers of one hundred and
forty-two WTO member countries had participated in the Doha
Ministerial Conference. Although its agenda was not finalized until
quite late, it is intended to be a large round of MTNs, the largest
so far, and covers a good number of critical areas of multilateral
trade regime. After a great deal of debating, disagreeing and foot
dragging, confliciting positions of the members were brought into
harmony. The long awaited and crucial framework agreement, or the
so-called July Package, was not signed until the 1st August 2004.
If the partcipating WTO members heed to look at the Doha Round
through the lenses of the global public good, their perspective
would certainly change and the usual intransigence among the
negotiating members or country groups - which led to failure of the
Cancun Ministerial Conference in September 2003 - is sure to wane.
|Country of origin:
Dilip K Das
||Electronic book text
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