The WTO Hong Kong ministerial meeting was a lost opportunity to make trade fairer for poor people around the world. Rich countries put their commercial interests before those of developing countries. Small progress in agriculture was more than cancelled out by anti-development texts in services and industrial tariffs. Most of the difficult decisions were put off to a further meeting in early 2006.
Topic:
International Relations, International Trade and Finance, and World Trade Organization
Four years on, the Doha Round looks increasingly unlikely to deliver on its promises to the world's poor. Rich countries have sidelined developmjent concerns and insisted on, among other conditions, the "blood on the floor" rule, i.e. obtaining economically painful concessions from all countries, including poor ones. In agriculture, trade rules look set to remain stacked against developing countries and poor farmers. Talks on industrial tariffs could jeopardise the industries of poor countries. If the rich countries fail to significantly improve their offer at the WTO ministerial meeting in Hong Kong in December 2005, developing countries should not be expected to sign on to a bad deal.
Topic:
Development, Globalization, International Trade and Finance, and World Trade Organization
The WTO's current NAMA (non-agricultural market access) negotiations will not lead to a pro-development outcome. Developed countries are demanding excessive opening to imports which, if agreed, could destroy local businesses and jobs in developing countries without bringing compensating economic gains. Poor-country governments will face balance of payments problems, loss of tax revenue, and downward pressure on workers conditions and rights, and their future industrial development prospects will be undermined.
Topic:
Development, Globalization, International Trade and Finance, and World Trade Organization