Abstract
Crisis followed by another crisis, the much proclaimed Doha Round negotiations of the World Trade Organization (WTO) seems to have reached a dead-end. Even the most optimistic speculation suggests that resumption of dialogue on the suspended Doha round in the immediate future is not visible round the corner. Some analysts believe that the suspension of the Doha Round last July amounted to loss of a major opportunity to integrate more vulnerable economies into international trade. The clash occurred over the modalities to cut subsidies and tariffs in agriculture, the manner to proceed on non-agricultural market access (NAMA) and a fight over the ‘flexibilities’ to be provided to developing countries. Critiques maintain that the Doha round failed mainly because US and EU insisted on their unreasonable demand and adopted an adamant posture. The polarization in WTO became deeper and more concrete. The present review takes a stock of the situation by tracing the path of WTO's checkered journey till the recently held Geneva Mini-Ministerial.
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