“Economic Brief: The End of the Doha Round”

Negotiations aimed at reaching a consensus on the Doha round, the World Trade Organization’s (W.T.O.) global trade agreement, collapsed on July 24. Pascal Lamy, the W.T.O.’s director general, formally suspended the last-ditch talks in Geneva, which centered on agricultural tariffs and trade-distorting subsidies, because an agreement could not be reached between the six core negotiators — the United States, India, Brazil, the European Union, Japan, and Australia. The negotiating parties were in agreement that this round of talks needed to produce a consensus on farm issues if a final agreement were to be reached by the end of this year. (Read the whole very long article on PINR July 27, 2006).

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