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WTO Liberalizes Services Trade to Revive Doha Round

Worried by this phenomenon, WTO Director-General Pascal Lamy has been actively campaigning for the global multilateral mechanism. Lamy argues that bilateral and regional mechanisms inflict multiple injustices on non-member nations, and underdeveloped countries in particular are likely to be left behind, unable to benefit from the rapid growth of global trade. Former U.S. Trade Representative Carla Hills said that we are in a world where the global multilateral system is shrinking; and poor countries are left out of the system, becoming "losing countries."

Lamy aims to liberalize the services trade in multilateral negotiations and shift to an "early harvest" approach as a way to make a breakthrough in the stalled Doha round.

Issue 339
Print:2012-12-03
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