Economics, Econometrics and Finance
8 years ago

Flawed Doha Round Threatens Global Trade Stability, WTO Credibility at Risk

THE EFFECTIVENESS OF THE GATT THROUGH ITS MAJOR ACHIEVEMENTS AND FAILURES AS WELL AS THE PERFORMANCE OF THE CREATION OF WTO
Emran Ahmed, Sharmin Islam, Priyanka Das Dona

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The GATT was successful in reducing industrial tariffs, but had issues with rules on protection. The WTO was created in 1994 to promote free trade globally. The Doha Round of negotiations faced problems due to reluctance to further liberalize trade and flawed methodology. Improvements are needed to maintain the credibility of the WTO as a negotiating platform.