Conclude Doha : It Matters!

The Doha Round must be concluded not because it will produce dramatic liberalization but because it will create greater security of market access. Its conclusion would strengthen, symbolically and substantively, the WTO s valuable role in restraini...

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Bibliographic Details
Main Authors:	Hoekman, Bernard, Martin, Will, Mattoo, Aaditya
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ADVERSE CONSEQUENCES ADVERSE IMPACTS AGGREGATE DEMAND AGRICULTURAL COMMODITIES AGRICULTURAL EXPORT SUBSIDIES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURAL SUPPORT AGRICULTURE ANTIDUMPING ANTIDUMPING ACTIONS ANTIDUMPING DATABASE ANTIDUMPING DUTY APPAREL AVERAGE TARIFFS BINDING CONSTRAINT BORDER PROTECTION BUSINESS ENVIRONMENT CAPITAL FLOWS CAPITAL GOODS CARBON EMISSIONS COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVENESS CONCESSIONS CONSUMERS COST OF CAPITAL COST OF FINANCE CRITICAL MASS CROP INSURANCE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPMENT FINANCE DISPUTE SETTLEMENT DISPUTE SETTLEMENT MECHANISM DOMESTIC INDUSTRIES DOMESTIC MARKETS DOMESTIC PRICES DOMESTIC PRODUCERS DUMPING ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC JUSTIFICATION ECONOMIC ORDER ECONOMIC POLICY ECONOMIC SITUATION ELASTICITY ENVIRONMENTAL BENEFITS ENVIRONMENTAL EXTERNALITIES ENVIRONMENTAL SUSTAINABILITY EXPANSIONARY POLICIES EXPORT GROWTH EXPORT INDUSTRIES EXPORT RESTRICTIONS EXPORT SUPPLY EXPORT TAXES EXPORTERS EXPORTS EXTERNAL FINANCING EXTERNAL SHOCKS EXTERNALITIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL SECTORS FINANCIAL SERVICES FOOD PRICES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN MARKETS FOREIGN SUPPLIERS FREE ACCESS FREE TRADE GDP GLOBAL CLIMATE GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL TRADE GLOBALIZATION GOVERNMENT EXPENDITURES IMPORT BARRIERS IMPORT COMPETITION IMPORT RESTRICTIONS IMPORTS INCOME INDUSTRIAL COUNTRIES INDUSTRIAL COUNTRY INFORMATION TECHNOLOGY INSTITUTIONAL INFRASTRUCTURE INTERNATIONAL PRICES INTERNATIONAL TRADE INVENTORIES INVESTMENT INCENTIVES JURISDICTION LDCS LOW-INCOME COUNTRIES MARKET ACCESS MEASURE OF TRADE MIDDLE INCOME COUNTRIES MONETARY POLICY MULTILATERAL AGREEMENT MULTILATERAL DISCIPLINES MULTILATERAL NEGOTIATIONS MULTILATERAL RULES MULTILATERAL SYSTEM MULTILATERAL TRADE MULTILATERAL TRADE AGREEMENTS MULTILATERAL TRADE LIBERALIZATION MULTILATERAL TRADE NEGOTIATION MULTILATERAL TRADE NEGOTIATIONS MUTUAL RECOGNITION MUTUAL RECOGNITION OF STANDARDS NATIONAL MARKETS NATURAL RESOURCES NEGATIVE SPILLOVERS NEW MARKET OIL PRICE OPEN MARKETS OPEN TRADE REGIME OPENNESS POLITICAL ECONOMY PREFERENTIAL ACCESS PREFERENTIAL AGREEMENT PREFERENTIAL AGREEMENTS PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PRICE VOLATILITY PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PROPERTY RIGHTS PROTECTIONISM PROTECTIONIST PROTECTIONIST MEASURES PROTECTIONIST PRESSURES QUANTITATIVE RESTRICTIONS RATES OF PROTECTION REAL GDP REAL INCOME RECIPROCITY RED TAPE REFORM PROGRAM REGIONAL TRADE REGIONAL TRADE AGREEMENTS REGIONALISM REGULATORY ENVIRONMENT REGULATORY REGIMES REINVESTMENT RULES OF ORIGIN SOCIAL COST SPECIAL SAFEGUARD SUSTAINABLE GROWTH TARIFF BARRIERS TARIFF BINDINGS TARIFF CONCESSIONS TARIFF EQUIVALENT TARIFF ESCALATION TARIFF PROTECTION TARIFF RATES TARIFF REDUCTIONS TARIFF REVENUE TAX TAX EXEMPTIONS TOTAL OUTPUT TOURISM TRACK RECORD TRADE AGREEMENTS TRADE BARRIERS TRADE COSTS TRADE DATA TRADE EFFECTS TRADE EXPANSION TRADE FACILITATION TRADE FLOWS TRADE LIBERALIZATION TRADE LIBERALIZATION PROCESS TRADE LOGISTICS TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE POLICY IMPLICATIONS TRADE PREFERENCES TRADE REFORMS TRADE REMEDIES TRADE RESTRICTIONS TRADE ROUNDS TRADE VOLUMES TRANSACTIONS COSTS TRANSPARENCY UNEMPLOYMENT UNEMPLOYMENT RATES UNILATERAL LIBERALIZATION URUGUAY ROUND VALUE ADDED VOLATILITY WELFARE LOSS WORLD ECONOMY WORLD MARKETS WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WORLD TRADING SYSTEM WTO
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091118112934 http://hdl.handle.net/10986/4327

Description
Summary:	The Doha Round must be concluded not because it will produce dramatic liberalization but because it will create greater security of market access. Its conclusion would strengthen, symbolically and substantively, the WTO s valuable role in restraining protectionism in the current downturn. What is on the table would constrain the scope for tariff protection in all goods, ban agricultural export subsidies in the industrial countries and sharply reduce the scope for distorting domestic support - by 70 per cent in the EU and 60 per cent in the US. Average farm tariffs that exporters face would fall to 12 per cent (from 14.5 per cent) and the tariffs on exports of manufactures to less than 2.5 per cent (from about 3 per cent). There are also environmental benefits to be captured, in particular disciplining the use of subsidies that encourage over-fishing and lowering tariffs on technologies that can help mitigate global warming. An agreement to facilitate trade by cutting red tape will further expand trade opportunities. Greater market access for the least-developed countries will result from the "duty free and quota free" proposal and their ability to take advantage of new opportunities will be enhanced by the Doha-related "aid for trade" initiative. Finally, concluding Doha would create space for multilateral cooperation on critical policy matters that lie outside the Doha Agenda, most urgently the trade policy implications of climate change mitigation.

Conclude Doha : It Matters!

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