Trade facilitation brings significant development gains

The Doha Round, launched in 2001, has become less ambitious over the past several years. Important negotiations on agriculture, industrial trade, services and many other subjects at the heart of international negotiations could not be finalized, to the dismay of developing countries, in particular t...

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Bibliographic Details
Published in:International trade forum 2013-10 (4), p.22
Main Author: Hammouda, Hakim Ben
Format: Article
Language:English
Subjects:
Agreements
Cooperation
Developing countries
Development banks
Economic development
International cooperation
International trade
Laws, regulations and rules
LDCs
Trade barriers
Trade negotiation
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Summary:The Doha Round, launched in 2001, has become less ambitious over the past several years. Important negotiations on agriculture, industrial trade, services and many other subjects at the heart of international negotiations could not be finalized, to the dismay of developing countries, in particular the poorer ones and notably those in Africa. These countries had expected that the conclusion of this Round would deliver significant progress with regard to what they stood to gain and which made it a true Development Round. However, World Trade Organization (WTO) member countries have been unable for several years to overcome all barriers and challenges in order to reach the conclusion of this Round. Now, on the eve of the WTO's Bali Ministerial Conference, member countries seem ready to unblock the situation regarding one specific and crucial issue: trade facilitation. Trade facilitation is crucial to the development of trade and the growth of income in several countries. The conclusion of an agreement on this issue could significantly boost trade and international cooperation.
ISSN:0020-8957
1564-5304