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The Doha Round
Transcript of The Doha Round
Consists of 153 state governments.
Undertakes negotiations specifically to device strategies for incorporate developing countries into the global market.
Round cannot be completed until every country agrees on everything. Current Achievements of the Doha Round Current Failures of the Doha “Finding "development" in the Doha Development Round today is like looking for a needle in a haystack. Developing countries have been completely sidelined by the economic and political interests of global powers” (Walker: 2011). What does the future hold? Keeping the Doha round: So that tariff and subsidy reforms can take place and so that gains already substantially agreed can be obtained.
So that the viability of the rules-based multilateral trading system is guaranteed.
However the future looks bleak: Is what is on the table enough to seal negotiations?
The current economic climate and other outside elements in the political sphere seem to affect the outcome of the Doha round to much.
The future looks bleak for the WTO as with the continued stalemate from the Doha Round comes the decrease in authority of the WTO. Future Benefits of the Doha “World Bank estimates that freeing all merchandise trade and eliminating agricultural subsidies would lift global welfare by nearly $300 billion a year by 2015” (Anderson and Martin: 2007).
The potential gains for sub-Saharan Africa are significant if a reduction in subsidies on cotton is made by developed countries. Sub-Saharan Africa would set to gain $147.
Amiti and Romalis (2007) predict that gains from a universal reduction in tariffs will outweigh the relative loss of the SDT because in reality, the preferential treatment given is not that effective. Cotton
No reduction in subsidies from developed countries
Special and differential treatment rules are yet to be changed
No revision of patronised rights on pharmaceuticals
Fair Trade Future Harms? Negotiations must be finished.
Damaging protectionist measures, reaching the legal limit currently allowed under the WTO commitments, could be implemented, reducing international trade by 10%. Since the financial crisis, some countries have already sought to increasing protectionism.
Bilateral or regional trade agreements resulting in a vast neglect and loss of confidence in multilateral trade agreements.
In another study conducted by Amiti and Romalis (2007) they admit sub-Saharan African countries may even set to lose out by a cut in tariffs.
A study by Anderson (2006) reveals improvements to be as little as less than one penny per day per person for the developing world. In the words of Kamal Nath, India's trade minister, although not dead, the Doha round is"between intensive care and the crematorium”. The Economist. (2013). The USA agreed in 2008 to cut back it farming subsides from $18.2 to $15.
In 2003 it was agreed that patented medicines could be manufactured in developed countries and then traded to developing countries without regards to the patent.
Climate change talks in December 2012 prepared the ground for new talks about climate change in 2015. Why the Predicted Gains are so Unclear and Controversial Not many policies have been implemented yet which is why any real effects to the world economy have yet to be seen. The political support is just not behind it.
It also depends on what institution these future benefits are being projected by.
Future gains predicted from economic models not only differ greatly, but the models themselves are sometimes inaccurate. Time Line •2001- Doha Round launched in Doha, Qatar
•2002- Negotiating grouo set up in Geneva but talks started to loose momentum
•2003-Deadlines started to be missed. However G20 was formed.
•2004- EU, US, Japan and Brazil agreed to end export subsidies ect and developing nations agreed to reduce tariff on manufactured goods ect.
•2005- The deadline for Doha round came and went without a solution found.
•2006-no agreement on reducing farming subsidies and lowering import taxes found.
•2008- talks broke down because India, China and the US had failed to agree solution to protect poor farmers.
•2010- pledge to complete the round by this time came and went without completion.
•2011- Leaders insisted that the Doha round be concluded yet the only agreement made was Russia’s accession into the WTO Source: Anderson (2006). Agricultural Trade Reform & The Doha Development Agenda, World Bank