Getting Over the Doha Blues
Getting Over the Doha Blues
The WTO may be considered a public good as it helps its members arrive at general agreements that involve the framework for negotiations, the rules for trade policies, the settlement of disputes, and other such concerns related to trade liberalization. The history of trade diplomacy would show that gains are maximized through a multilateral bargaining system and rules that are based on a consensus. However, the system can be viewed as a victim of its own success as its almost universal membership scheme gave rise to the Doha Round. While providing observations regarding the challenges experienced by policy makers and the consequences that may result from a decline in the WTO's function in trade relations, this chapter contains suggestions for domestic reforms among members, internal reforms, and policy coherence that, if accomplished, will promote and reinforce the global trading system.
Keywords: general agreements, WTO, trade diplomacy, multilateral bargaining system, consensus, Doha Round, domestic reforms, internal reforms, policy coherence
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