Do More With Reuters
Partner Services

Did WTO's failed Doha round try to do too much?

Wed Jul 30, 2008 6:22pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Laura MacInnis

GENEVA (Reuters) - The collapse of World Trade Organisation (WTO) talks has raised divisions of opinion about whether the Doha round push was simply trying to tackle too much at once.

Some negotiators suggested a series of smaller accords may be salvaged from the wreckage of Doha, which was designed to pry open global markets for agricultural and manufactured goods as well as cross-border services.

But others insisted that the all-in-one package approach was essential to satisfy everybody's needs.

"I suspect that there has never in history been an international negotiation as complex as this one," U.S. Trade Representative Susan Schwab told a news conference on Wednesday, the day after the talks broke down in Geneva.

She said certain areas of the wide-ranging Doha talks seemed ripe for agreement, even though the WTO's 153 members have failed to reach consensus on the overall package which would slash barriers to trade in food, cars, textiles, and phones.

"Why should it have to come together at exactly the same time?," Schwab asked.

Side deals to boost trade in environmental goods, to revamp export competition rules and to give poor countries duty-free and quota-free advantages could be spun from the nearly seven-year-old Doha drive, the top U.S. negotiator said.

"There are ways of moving forward, certainly, with pieces of this. If we are going to say 'nothing is done until everything is done' then it's going to take longer," she said.  Continued...

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Photo

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

column

Nipun Mehta
Nipun Mehta, SG Private Banking
India - planning the road to recovery

There needs to be an acceptable balance created between education & healthcare and infrastructure spend.  Full Article 

SHOWCASE

Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Out of Woods?
Out of the Woods?

Analysis - CIT's bankruptcy exit fraught with uncertainty  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article