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What is Doha Development Round?

by Guest2736  |  12 years, 10 month(s) ago

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What is Doha Development Round?

 Tags: development, Doha, Round

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  1. GiGi
    The Doha Development Round is the current trade-negotiation round of the World Trade Organization (WTO) which commenced in November 2001. Its objective is to lower trade barriers around the world, which allows countries to increase trade globally. As of 2008, talks have stalled over a divide on major issues, such as agriculture, industrial tariffs and non-tariff barriers, services, and trade remedies. The most significant differences are between developed nations led by the European Union (EU), the United States (USA) and Japan and the major developing countries led and represented mainly by India, Brazil, China and South Africa. There is also considerable contention against and between the EU and the U.S. over their maintenance of agricultural subsidies—seen to operate effectively as trade barriers.
    The Doha Round began with a ministerial-level meeting in Doha, Qatar in 2001. Subsequent ministerial meetings took place in Cancún, Mexico (2003), and Hong Kong (2005). Related negotiations took place in Geneva, Switzerland (2004, 2006, 2008); Paris, France (2005); and Potsdam, Germany (2007).
    The most recent round of negotiations, July 23-29 2008, broke down after failing to reach a compromise on agricultural import rules. After the break down, major negotiations were not expected to resume until 2009. Nevertheless, intense negotiations, mostly between US, China and India, were held in the end of 2008 in order to agree on negotiation modalities. However, these negotiations did not result in any progress.

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