The push for tariff reduction worldwide along with the pressure to eliminate production subsidies, which has been largely commanded by the World Trade Organization (WTO), has brought serious repercussions to the dominantly agrarian Asian economies.
CONTENTS: I. THE WTO IN 2006: a year in review; II. LETTING GO OF AN IDEOLOGY: embracing the present; III. WHAT TO LOOK OUT FOR IN 2007; IV. IMPORTANT DATES TO REMEMBER; V. DOCUMENTS
As 2007 starts off as a 'make-or-break' year for the languishing Doha Development Agenda trade negotiations, the chair of the current agriculture negotiations - New Zealand's Crawford Falconer - feels strongly that a deal is do-able despite many unresolved issues.
Congress probably won't extend President George W. Bush's authority to negotiate trade agreements aimed at lowering tariffs and farm subsidies, the chairman of the House Agriculture Committee said today.
World Trade Organization Chief Pascal Lamy is expected to visit India next week to attend the CII Partnership Summit in Bangalore during which he would also seek New Delhi's support to finalise an agreement in the stalled Doha trade liberalisation negotiations by end-March, trade analysts said.
As the negotiating climate for the Doha Development Agenda trade negotiations receives a boost from two major players - the United States and the European Union - increased activity in the nonagricultural market access negotiations is expected in the weeks ahead
