Goodbye Doha, Hello Bali; Trade  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 404 no. 8801 (Sep. 2012), page 12.
Topik: International Trade; Trade Agreements; Problems; Global Economy; Trade Negotiation

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.73 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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When the economic crisis first hit in 2008, world trade and growth collapsed together. In 2009 both recovered, and did reasonably well until this year, when both slipped again. Cutting tariffs and red tape would boost trade, and support the faltering recovery. This should spur efforts to replace the failed Doha trade talks with a new effort to do a multilateral deal. The aims of the Doha round, launched by the World Trade Organisation (WTO) in 2001, were laudable. Its failure is a tragedy. The villains are powerful lobbies, notably in agriculture, such as America's cotton and sugar industries and Japan's rice farmers and fishermen. But there were also structural problems with Doha. One was the number of countries. With Doha paralysed, regional alternatives to a multilateral deal are springing up. Instead of allowing the Doha round to be replaced with a patchwork of regional deals, the WTO's boss, Pascal Lamy, should close it and resurrect the best bits in a "Global Recovery Round".

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