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After the WTO Hong Kong Ministerial Meeting: What is at Stake?

Author

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  • Ken Heydon

Abstract

The WTO Ministerial Meeting in Hong Kong in December 2005 made some progress in advancing the Doha Development Agenda. But much remains to be done, particularly in settling negotiating modalities in agriculture and NAMA and in putting some flesh onto the bones of the GATS. And where progress was made it was qualified, whether in dealing with the concerns of African cotton producers or in improving market access for the products of the least developed countries. Given the work still to do, it is not guaranteed that new deadlines will be met or that the DDA will be concluded on time. There is much at stake should the momentum of multilateral liberalisation stall; analysis at the OECD points to the risk of both major opportunities forgone and of systemic strains to the multilateral trading framework. Developing countries would be amongst the principal losers. Charting the way ahead will require that trade policy be seen in a broader domestic context which recognises that market opening works best when it is backed by sound macroeconomic policies, flexible labour markets, a culture of competition and strong institutions. Through this lens, trade reform can be promoted as a necessary tool of growth and development rather than as a concession paid to others.

Suggested Citation

  • Ken Heydon, 2006. "After the WTO Hong Kong Ministerial Meeting: What is at Stake?," OECD Trade Policy Papers 27, OECD Publishing.
    • Handle: RePEc:oec:traaab:27-en
    DOI: 10.1787/853571145320
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    Cited by:

    1. Medvedev, Denis & Van der Mensbrugghe, Dominique, 2010. "Climate change in Latin America: impacts and mitigation policy options," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2590.
    2. Chahir Zaki, 2011. "Assessing the Global Effect of Trade Facilitation: Evidence from the MIRAGE Model," Working Papers 659, Economic Research Forum, revised 12 Jan 2011.
    3. Karimi, Farzad & Tavakoli, Akbar, 2010. "The Analysis of Trade Integration and Business Cycles Synchronization with Emphasis on Regional Arrangements among OIC Nations," Conference papers 331992, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Wilfredo Robayo Galvis, 2018. "La defensa internacional de los intereses del estado en América Latina. Temas de derecho internacional público n.° 1," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1076, October.

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