Eusoon trading options
Or, enter your address to follow via email: If the negotiations cannot be concluded this year, they will enter a period of hibernation, and things will pick up again when conditions are ripe to engage in a meaningful negotiation probably during the second half of at the earliest. We will have to wait for the U. Despite the slow progress, there are a number of good reasons to continue to support a successful conclusion of the Round.
First, eusoon trading options strong multilateral trading system is essential for world economic growth, stable international trade, continuing agricultural reform and above all, for defending the interests of developing countries. Looking ahead, a number of options exist for promoting trade liberalization in a post-Doha environment. When the WTO was created, the idea was for the organization to become a permanent negotiating forum that would successively tackle issues of eusoon trading options to eusoon trading options Membership.
It was to start with the agreements on agriculture and services reached in the Uruguay Round. The recourse to new Rounds of trade negotiations was, at least temporarily, shelved. However, the EU soon made it clear that if there was to be a high level eusoon trading options ambition in the mandated negotiations, particularly in agriculture, Members would have to agree to launch a new Round that would incorporate their interests: This finally occurred in Doha in September In light of the difficulties experienced since the launching of the Round, including the recent breakdown, it would be desirable—at least once the Doha Round is completed—to return to the original idea of sectoral negotiations.
Reform of trade-distorting policies requires that negotiations in agriculture continue after Doha. In the absence of a new trade round, the only way to proceed would be through the launching, within the WTO, of sectoral negotiations following the implementation phase of the obligations agreed in the Doha Round. In order to be successful, sectoral approaches should ensure the participation of all Members, regardless of whether they have offensive or defensive concerns on the subjects under negotiation.
This is particularly important with regard to agriculture in view of the protectionist and defensive attitudes of so many Members in the WTO both developed and developing. I am afraid that unless one can have all members on board, one will eusoon trading options be able to properly address important issues such as subsidies, particularly domestic support.
Improved market access can more easily be obtained through other means such as bilateral, regional or preferential trade agreements. Consensus among members on how to achieve the long-term reform envisaged in the Agreement on Agriculture is a prerequisite. For example, priority could be given to the elimination of all distorting forms of domestic support amber box, blue box and de minimis. A possible approach could be to first eliminate the amber box, say over a period of 8 to 10 years, then proceed with the elimination of the blue box, and so on.
In order to monitor implementation eusoon trading options of such agreements, we could have special sessions of the Agriculture Committee or eventually the General Council every two years. Alternatively, progress and compliance with the agreed objectives could be analyzed during sessions of the Trade Policy Review, which should be strengthened for that purpose. If countries are not complying or violating their obligations, a role could be envisaged for the Dispute Settlement Body.
I am not convinced that plurilateral approaches are a convenient way out, although I acknowledge that they would be easier to implement. Plurilateral approaches create different categories eusoon trading options Members, undermine even further the multilateral nature of the WTO, and are likely to discriminate against the interests of developing countries.
They could also further marginalize the poorest countries in discussions on major new issues of the international trade agenda. Regional and bilateral trade agreements may well be the main vehicle for trade liberalization in the foreseeable future.
In agriculture, these agreements can provide improved market access for participating countries. They may also improve the situation with regard to some non-tariff barriers such as sanitary and phytosanitary regulations. However, these agreements will not be able to effectively address domestic support issues.
Eusoon trading options believe that the proliferation of preferential agreements—with different product coverage, rules of origin, private standards, exceptions, and measures that are not necessarily in line with multilaterally agreed rules and disciplines—will become overly complex and costly for private enterprises involved in international trade.
Moreover, trade agreements between major trading partners are likely to involve considerable trade diversion, enhancing tensions, disputes, retaliation, and a return to protectionist practices. These agreements may also further eusoon trading options developing countries from the international trading system. Information and Links Join the fray by commenting, tracking what others have to say, or linking to it from your blog.
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