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Wednesday, February 8, 2012

postheadericon Fresh ideas for modernizing global trade rules

Congress may be gridlocked on a number of issues, but the World Trade Organization (WTO) is positively stuck when it comes to advancing global trade liberalization. Today, the National Foreign Trade Council proposed a way to get beyond the diplomatic logjam that has plagued negotiations for a Doha Development Round in a new paper, “A 21st Century work program for the global trading system.”
 
Acceptance is the first step to recovery, and in the case of ongoing WTO negotiations, it is past time to admit that there is a problem. Trade Ministers acknowledged the Doha negotiations were at an impasse in Geneva last December at a WTO ministerial conference, leaving the door open to fresh ideas for advancing broad-based efforts to open markets and modernize trade rules.

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