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What is the WTO and its Doha Round supposed to achieve?

2023-03-30 23:27:19

The General Agreement on Tariffs and Trade (GATT) was established in 1947, where protectionism was a world economy that is pressing for the spread of security measures. It is aimed at reducing tariffs and other trade barriers. The foundation of mutual benefit helps the economy recover. Since GATT joined the WTO, there are several rules as follows.

The Doha Development Round or Doha Development Agenda (DDA) is a trade negotiation round of the World Trade Organization (WTO) that was launched by Secretary of State Mike Moore in November 2001. The goal is to reduce global trade barriers and thereby promote global trade growth. The Doha Round began at a ministerial meeting held in Doha in Qatar in 2001. The aim is to prioritize the priority of developing countries. The needs of developing countries are the core of the conference. The main factors discussed included trade facilitation, services, rules of origin and dispute settlement. Special and discriminatory treatment for developing countries was also discussed as a major concern. The subsequent ministerial meeting was held in Cancun, Mexico (2003) and Hong Kong (2005). Related negotiations were held in Paris in France (2005), Potsdam in Germany (2007), Geneva in Switzerland (2004, 2006, 2008).

The Doha Round is the latest trade negotiation round among WTO member countries. Its purpose is to achieve significant reform of the international trade system by introducing lower trade barriers and revised trade rules. The work plan covers about 20 commercial areas. This round is semi-formally known as the Doha Development Agenda and its basic goal is to improve the trade outlook of developing countries.

The negotiations on the Doha Round are overseen by the Trade Negotiating Committee (TNC), which is the secretary general of the World Trade Organization and is currently Roberto Azevedo. Negotiations are being held with the WTO's five working groups and other existing agencies. The following five groups discuss selected topics in negotiations: market access, development issues, WTO rules, trade facilitation and other issues. Before the Doha Ministerial Conference, negotiations on agricultural trade and service trade have been undertaken. The last round of multilateral trade negotiations (Uruguay Round, 1986-1994) sought for these ongoing negotiations. However, in some countries, including the United States, we would like to expand negotiations on agriculture and services in order to trade-off and achieve greater trade liberalization.