Doha's Demise
Editorial, The Washington Post | July 30, 2008
The global trade negotiations known as the Doha Round broke up yesterday without an agreement. ++ Despite expectations of a new international plan to cut tariffs, members of the WTO proved themselves unready for such a deal. ++ While the US and the EU had made some concessions on farm supports, India and China essentially torpedoed the talks asserting a broad right to raise tariffs to protect their farmers from import surges and price drops ++ This is absurd considering how much the emerging countries gain through the world market.
