Professional Documents
Culture Documents
Sanguines'
Sanguines'
. . . . . wto ministerial
Presented by-
GATT WTO
1947 1995
Geneva
Uruguay Round
1986-94
WTO- in brief
Nondiscrimination
Reciprocity
Principles of
Binding and the trading
enforceable system
commitments
Transparency
Safety valves
WTO- in brief
WTO Ministerial
Singapore, 1996
Geneva, 1998
Doha, 2001
Cancún, 2003
Outcome
Key agreements
Consequence to the poor countries
Outcome
Key Agreements-
Agriculture
- Market access: substantial reductions
- Exports subsidies: reductions of, with a view to phasing out,
all forms of these
- Domestic support: substantial reductions for supports
that distort trade
Services
Outcome?
…….Lee
HONGKONG
Outcomes
Key Agreements-
Cotton Developed countries will give duty free and quota free
access to least developed country exporters
Developed countries (ie, the US) will eliminate export
subsidies in 2006.
NAMA “Swiss” formula for tariff reduction, with bigger cuts for
higher tariffs.
Consistent with the principle of special and differential
treatment.
Trade Facilitation
Deceived,
No clear gaining
Agricultural destruction
Lost unity among them
WTO…..FREE TRADE…….TRADE BALANCES ??
Subsidy matters!!
Developed Countries Perspective
Developing Countries Perspective
FREE TRADE
FREE TRADE
WTO…..FREE TRADE…….TRADE BALANCES ??
Food security
Giant Multinationals
Environment
Human Rights
Globalization
. . . . . . . . thank you