Doha Round

946 Words Nov 30th, 2011 4 Pages
DOHA ROUND

The Doha Development Round or Doha Development Agenda (DDA) is the current trade-negotiation round of the World Trade Organization (WTO) which commenced in November 2001. Its objective is to lower trade barriers around the world, which will help facilitate the increase of global trade.
The Doha Round began with a ministerial-level meeting in Doha, Qatar in 2001. Subsequent ministerial meetings took place in Cancún, Mexico (2003), and Hong Kong (2005). Related negotiations took place in Geneva, Switzerland (2004, 2006, 2008); Paris, France (2005); and Potsdam, Germany (2007).
The most recent round of negotiations, 23–29 July 2008, broke down after failing to reach a compromise on agricultural import rules.[3] After the
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• Establish slightly lesser cuts and longer phase-in periods for developing countries

Export Competition (to be phased in over a five year period)

• Eliminate all agricultural export subsidies.
• Establish specific disciplines on export credit programmes to bring them in line with commercial practice, including a maximum repayment period of 180 days.
• Install new disciplines on export State Trading Enterprises (STEs) that end monopoly export privileges, prohibit export subsidies, and expand transparency obligations.
• End discriminatory tax provisions that encourage exports of processed products.
• Establish disciplines on food aid shipments that guard against commercial displacement while removing obstacles to emergency shipments and deliveries to countries with chronic food aid needs.

Domestic support (to be phased in over a five year period)

• Amber box (i.e., all domestic support measures considered to distort production and trade, with some exceptions): cut Aggregate Measurement of Support (AMS) by 60% for the US, with product-specific AMS caps based on the 1999-2001 period.
• Blue box (i.e., exemptions from the Amber box): cap at 2.5% of the value of agricultural production.
• Cut de minimis allowances for trade-distorting domestic support by 50%.
• Reduce overall levels of trade-distorting support by 53% for the US.
• Reduce the allowed AMS for the EU and Japan by 83% and overall…