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Doha's Message: No Free Ride to Growth
TCS Daily ^ | 7/25/2006 | Alan Oxley

Posted on 07/25/2006 11:12:44 AM PDT by Jane2005

Reality finally bit. The Doha Round talks have been put off indefinitely. This is the second best result: There was no deal worth doing in the Doha Round right now.

Susan Schwab, the US Special Trade Representative blames Peter Mandelson, the EU Trade Commissioner. He blames her back. And Pascal Lamy, the Director General of the EU, blames them all. Oxfam blames the rich countries and dissembles now that the WTO cannot help poor countries.

There will be anxiety about how much this harms the WTO trading system. In a very important way, it won't. The foundation of the WTO system is its network of legal obligations not to increase trade barriers once they have been cut. It is buttressed by a compulsory system of compliance and arbitration.

(Excerpt) Read more at tcsdaily.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: doha; freetrade; wto

1 posted on 07/25/2006 11:12:45 AM PDT by Jane2005
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