Issues Responsible for Failure of Doha Talks and Possible Solutions.
Title: Issues responsible for failure of Doha talks and possible solutions.
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Introduction:
Current Doha round has been one of the most eventful round but its irony that members couldn’t reach to condenses. This research paper concentrates on reasons that caused friction among the nations and possible solutions that can be used to resolve these issues or reasons. Agricultural issues and industrial goods market issues, talks has been suspended without any further notice of next round. At the end all the hard work after years of negotiation wasn’t successful ad differences among the participating nations proved insurmountable.
Pascal Lamy, the Director General of the WTO, tried really hard for the success of these talks but all the sides didn’t show the flexibility that was required for the success of these talks. Failure of Doha round talks also highlight the lack of global leadership at least in some quarters, and this fact is pretty difficult to perceive and there are various reasons for that. Only bright thing emerged from this summit is the talk only need one final push as finishing line is insight. Lot has been already achieved but critical issues need consensus.
Success to these talks can bring much needed global stimulus for global economy of hundreds of billions of dollars annually. Both developed and developing countries can gain something out of it, in fact it is a great opportunity for developed nations to address complaints of developing nations where they feel that economic linearization is highly tilted in favor of developed nations. But failure of these talks can bring some serious consequences; it will seriously damage the reputation of WTO and more importantly multilateralism for which everyone is working hard for will be damaged permanently. Most of the representatives were worried about what could be perceived from their stance i.e. compromising on their stance
Name:
Course:
Sunderland ID:
EThames Students ID:
Intake:
Introduction:
Current Doha round has been one of the most eventful round but its irony that members couldn’t reach to condenses. This research paper concentrates on reasons that caused friction among the nations and possible solutions that can be used to resolve these issues or reasons. Agricultural issues and industrial goods market issues, talks has been suspended without any further notice of next round. At the end all the hard work after years of negotiation wasn’t successful ad differences among the participating nations proved insurmountable.
Pascal Lamy, the Director General of the WTO, tried really hard for the success of these talks but all the sides didn’t show the flexibility that was required for the success of these talks. Failure of Doha round talks also highlight the lack of global leadership at least in some quarters, and this fact is pretty difficult to perceive and there are various reasons for that. Only bright thing emerged from this summit is the talk only need one final push as finishing line is insight. Lot has been already achieved but critical issues need consensus.
Success to these talks can bring much needed global stimulus for global economy of hundreds of billions of dollars annually. Both developed and developing countries can gain something out of it, in fact it is a great opportunity for developed nations to address complaints of developing nations where they feel that economic linearization is highly tilted in favor of developed nations. But failure of these talks can bring some serious consequences; it will seriously damage the reputation of WTO and more importantly multilateralism for which everyone is working hard for will be damaged permanently. Most of the representatives were worried about what could be perceived from their stance i.e. compromising on their stance
References: Deardorff, A., 2008 “International Provision of Trade Services, Trade and Fragmentation.” Review of International Economics, Vol 9 No. 2.pp. 233-48. The Economist, 2003 “The WTO Under Fire.” September 18 Available on the Internet at http://www.economist.com./PrinterFriendly.cfm?Story_ID=2071855 Hoekman, B.2003 Pr Jagdish Bhagwati and Peter Sutherland KCMG, (January 2011) THE DOHA ROUND: SETTING A DEADLINE, DEFINING A FINAL DEAL Dilip K. Das. 2009a.,Financial Globalization and the Emerging Market Economies. Routledge, London and New York. 2009. Lamy, P., 2003 “Can the Doha Development Agenda Live up to its Name?” Available on the Internet at http://europa.eu.int/comm/commissioners/lamy/speeches_articles/spla188_en.htm September 10, 2008