Overview
- The Uruguay Round Agreement on Agriculture (AoA) marked
a turning point in the history of the multilateral trading
system by subjecting agricultural trade to essentially
the same rules that discipline trade in industrial goods.
- For the first time, WTO members committed to reducing
agricultural tariffs, export subsidies, and trade-distorting
domestic support.
- The latest round of WTO trade negotiations,
launched in the Qatari capital of Doha in November 2001,
are the most ambitious attempt ever to spur global economic
growth by liberalizing trade in agricultural and non-agricultural
goods as well as freeing up trade in services.
- In launching the Doha negotiations, WTO members recognized
the contribution of the multilateral trading system to
economic growth and development and pledged to continue
the process of reform and liberalization of economic policies.
- The Doha
Ministerial Declaration placed the interests of developing
countries, who constitute the majority of WTO members,
at the heart of negotiations, adding a new dimension to
the talks that increased both the potential gains and
the complexity of reaching agreement.
ERS analyzes data and information on WTO topics and conducts economic research on trade policies and regulations to provide U.S. negotiators and other stakeholders with an economic perspective on the complex issues faced in Geneva.
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