Date: January 12, 2006
Creator: Hanrahan, Charles E & Schnepf, Randy
Description: The pace of negotiations in the Doha Round of multilateral trade negotiations quickened in October 2005 as the December Hong Kong Ministerial Conference of the World Trade Organization (WTO) approached. At Hong Kong, however, while WTO members agreed on a broad outline of negotiating objectives for further liberalizing global trade in agriculture, industry and services, they made only limited progress in determining precise numerical formulas (known as modalities) for meeting the Round’s aims. WTO members agreed to intensify efforts to reach agreement on modalities and conclude Doha Round negotiations by the end of 2006. This report assesses the current status of agricultural negotiations in the Doha Round; traces the developments leading up to the Hong Kong Ministerial; examines the major agricultural negotiating proposals; discusses the potential effects of a successful Doha Round agreement on global trade, income, U.S. farm policy, and U.S. agriculture; and provides background on the WTO, the Doha Round, the key negotiating groups, and a schedule of historical and upcoming events relevant to the agricultural negotiations.
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