What is the Doha Development Round?
The Doha Development Round is the latest round of negotiations in international trade law taking place in California and around the world. These negotiations are organized by the World Trade Organization (WTO) and seek to reduce tariffs, subsidies, and other barriers to international trade. The talks are intended to boost economic growth and development, particularly in poorer and less developed countries. The Doha Development Round was officially announced in 2001 and is the fifth round of negotiations in WTO history. The aim of the round is to further liberalize world trade and make it fairer for developing countries. This includes reducing tariffs and other trade barriers, such as subsidies, as well as providing access to new markets for services and goods. The Doha Development Round also seeks to open up access to new technologies and ensure intellectual property rights are respected. This includes protecting the rights of pharmaceutical companies to receive royalties on the inventions they create. Finally, the round seeks to ensure that all countries comply to the agreement and that the rules are enforced. It has been more than 18 years since the Doha Development Round began and progress has been slow. After several years of deadlock, the WTO has been attempting to make progress in recent years. The outcome of the negotiations is still uncertain, however, and their success will depend on further international cooperation and compromise.
Related FAQs
What is the role of the World Trade Organization in protecting intellectual property rights?What is the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs)?
What are the disadvantages of increasing trade barriers?
How does the WTO settle disputes between nations?
What is the purpose of the Bali package?
What is the most effective way of enforcing international trade laws?
What is the purpose of the Kyoto Protocol?
What is the WTO Agreement on Sanitary and Phytosanitary Measures?
How do countries enforce their trade agreements?
What are the main principles of international trade?
Related Blog Posts
Introduction to International Trade Law & Its Benefits - Key Considerations for Businesses - July 31, 2023A Comprehensive Overview of WTO Rules and Regulations - August 7, 2023
Navigating the Tangled Web of International Trade Regulation - August 14, 2023
The Different Types of International Trade Agreements - August 21, 2023
Using Investment Treaties to Facilitate Cross-Border Transactions - August 28, 2023