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Figuring Out the Doha Round

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Author Info

  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Jeffrey J. Schott

    (Peterson Institute for International Economics)

  • Woan Foong Wong

    (Peterson Institute for International Economics)

Abstract

The global economic and financial crisis has awakened protectionist sentiments around the world, and policymakers have failed to actively seek trade liberalization. In light of this, some have proposed abandoning the Doha Round and starting over with a new agenda. Figuring Out the Doha Round argues that this is far from the time to drop the Doha Round and that it is now more important than ever to sustain political support for the rules-based multilateral trade system. This important new study recommends modest increments in market access commitments by G-20 countries beyond tariff and subsidy cuts in agriculture and nonagricultural market access (NAMA), and policy reforms in customs procedures and related areas that slash red tape and cut transactions costs for exporting and importing goods and services. With additional effort by the G-20 countries, WTO countries can put together a Doha package that is both ambitious and balanced between the interests of developed and developing countries. The study finds that following these recommendations can lead to a world GDP gain of almost $300 billion a year.

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Bibliographic Info

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This book is provided by Peterson Institute for International Economics in its series Peterson Institute Press: All Books with number pa91 and published in 2010.

ISBN: 978-0-88132-503-4
Handle: RePEc:iie:ppress:pa91

Note: Policy Analyses in International Economics 91
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Cited by:
  1. Popa, Diana, 2011. "Runda Doha: început fără sfârşit
    [Doha Round: the endless beginning]    ," MPRA Paper 28764, University Library of Munich, Germany, revised 09 Feb 2011.
  2. David Laborde & Will Martin, 2012. "Agricultural Trade: What Matters in the Doha Round?," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 265-283, 08.
  3. United Nations ESCAP (ed.), 2011. "Asia-Pacific Trade and Investment Report 2011: Post-crisis trade and investment opportunities," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number aptir2596, 06.
  4. Peter Lloyd, 2012. "The role of developing countries in global economic governance," Working Papers 11712, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
  5. Diana Popa, 2012. "The Collapse of the Doha Round and a Possible Completion of Negotiations," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(43), pages 165-188, March.
  6. Rachel McCulloch, 2010. "The International Trading System and Its Future," Working Papers 08, Brandeis University, Department of Economics and International Businesss School.
  7. Klaus Deutsch, 2011. "Doha or Dada: The World Trade Regime at an Historic Crossroads," Working Papers id:4292, eSocialSciences.
  8. Peter Lloyd, 2012. "Multilateralism in Crisis," Working Papers 11412, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
  9. Barry Bosworth & Susan M. Collins, 2010. "Rebalancing the US Economy in a Postcrisis World," Trade Working Papers 21877, East Asian Bureau of Economic Research.
  10. Jeffrey J. Schott & Minsoo Lee & Julia Muir, 2012. "Prospects for Services Trade Negotiations," Working Paper Series WP12-17, Peterson Institute for International Economics.

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