DOHA Prep - G77

Ministerial Decleration

- The goals of the WTO is made extremely clear, and the EU and US should know what they are entering with this conference.
- There should be no confusing between the EU and US during the talks. - Should've been resolved before it.

The Wrecking

- The arrogant, walk-out attitude is the one that wrecks these talks
- Most interests seem to be that of special political ones, instead of those for the common good
- Farm-talks have always been the most contentious, and caused the collapse of DOHA
- Small groups have been proved to be more effective, with less fuss and more speed
- The fact that we can't reach an agreement, may well pose a threat to the trading system as a whole
- The talks changed dramatically, leaving most rich countries feeling as if they had to sacrifice their own interests to the foreigners
- America will only undergo radical changes, no minor ones.
- The longer the talks go on, the more the WTO will get to insult the western nations, which will only lessen the chances of success
- The world leaders assembled to try and make the world a better place. They failed.

The global trade talks have collapsed because the world's biggest economies prefer failure to compromise. What comes next?

- Countries with emerging economies are against reducing their own tariffs
- The EU and big emerging economies want a compromise, the US want a complete slash in trade agreements
- DOHA lite is insufficient due to EU's poor proposal

The WTO Doha Development Round

- Every member has a veto in the final say
- EU accused of being insufficient by the US, only offering to reduce tariffs by 39%, as opposed to the proposed 54%
- 8% of world trade is agriculture - 2.5 billion in the industry, mainly in the developing countries
- Developing countries unable to compete with the vast subsidies in Japan, US, EU
- EU offered to cut overall-trade distorting subsidies (OTDS) by 75%, US only wanted to cut 53%, which EU then argued would lead to an increase in subsidies, since they would then spend 22.7 billion instead of 19.7 billion. The WTO permit is 48.2 billion.