Doha Round

Topics: World Trade Organization, International trade, Doha Development Round Pages: 3 (946 words) Published: November 30, 2011

The Doha Development Round or Doha Development Agenda (DDA) 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 will help facilitate the increase of global trade. 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, 23–29 July 2008, broke down after failing to reach a compromise on agricultural import rules.[3] After the breakdown, major negotiations were not expected to resume until 2009.[4] Nevertheless, intense negotiations, mostly between the USA, 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.

There are some of the Doha Round objectives. In the agricultural sector, the agenda are focusing on opening markets, reducing export subsidies, and eliminating domestic policies that distort trade. But, developed countries are bargaining for more market access in developing countries in exchange for a reduction of their own domestic subsidization of agriculture. The Doha Round also has focused on trade as a way to encourage economic growth and reduce poverty. When trade happen, country will gain profit. People also gain money from the trade. If trade increase, demand on the product also increase. It will help people to have better lifestyle. On previous Hong Kong Ministerial meeting, U.S want to improve the objective of Doha Round. These are their suggestion: Market Access Commitments (to be phased in over a five year period) •A commitment by developed countries to cut their lowest tariffs by 55% and their highest tariffs by 90%. •...
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