|Doha round going nowhere|
Despite the advantage given by the drafts, the United States is still asking for more.
The World Trade Organisation’s Doha Round appears to be stuck in a strategic deadlock, with no end in sight, and little hope for completion in the foreseeable future. The latest bout of negotiations, a ‘stocktaking exercise’ held in Geneva in the last week of March ended with no direction and without plans for a further meeting of senior officials from capitals, or for trade ministers. The target of finishing the Round by the end of this year was not even mentioned.
So the new negotiations were informally called the Doha Development Agenda to make it more palatable to developing countries. In the nine years since, the development content of the talks has almost entirely disappeared, and the developed countries’ real intentions to open up the markets of developing countries while protecting their own turf especially in agriculture, labor services and intellectual property have come to the fore.
Developing countries are facing three major imbalances: the imbalance within agriculture, the imbalance within non agricultural market access (NAMA) and the imbalance between agriculture and NAMA.