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Doha Rounds - Essay Example

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It was suspended indefinitely during July 2006 when many participants were unwilling to make hard and firm decisions that are most likely to bring…
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Doha Rounds
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Download file to see previous pages Noteworthy is that a decision action has been avoided due to many considerations, and the Global Economic Crisis (GEC) is one of the most outstanding factors that probably demotivates some countries. This has undoubtedly altered the framework wherein the Doha Round is placed and is prone to lead the concerned countries rethink and reconsider the future.
Admittedly, there was a disagreement and a divide on various issues between some countries with respect to agriculture, industrial tariffs and non-tariff barriers, services, and trade remedies.1 The countries concerned range between developed ones under the auspices of European Union (EU), the United States (US) and Japan and the major developing ones represented by India, Brazil, China, and South Africa.
As a matter of fact, the Doha Round commenced at a ministerial-level conference in the Qatari capital, Doha in 2001. After that international meeting, other ministerial conferences were held in Cancun, Mexico (2003), Hong Kong (2005). Moreover, it is important to underline that many negotiations tackling the same summit took place in Switzerland (in 2004-2006-2008). Parallel to that, some meetings were led in Paris, France (2008) and Postdam, Germany (2007).
Accordingly, the Doha Round turned out to be the first major multilateral trade negotiation, yet it failed. Such collapse marks a historic reversal in the steady progress vis-à-vis the liberalization of world trade over the coming years. The most recent round of negotiations took place two years ago on July 23-29, 2008. It also failed as long as the participating countries were unable to reach a consensus and a compromise on agricultural import rules. 2
Also, there was a conflict and a heated debate between the U.S, China, and India so that they could accept the negotiation modalities. It is also worthwhile mentioning that during the preparatory process, two major developing ...Download file to see next pagesRead More
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