World Trade Organization: Congress Faces Key Decisions as Efforts to Reach Doha Agreement Intensify
General Accountability Office (GAO), March 8, 2007, online edition, 70p
President Bush has identified the Doha Agreement as a trade policy priority, but the talks “remain deadlocked.” World Trade Organization (WTO) members are at odds over barriers that distort production and trade such as tariffs and government payments for domestic support such as farm support. The members are also divided over how to promote economic growth and reduce poverty in the developing counties. The consequences of not reaching a successful conclusion of the Doha agreements could mean a weakened global trading system; i.e., a difficult trading environment for the U.S. The 110th Congress faces renewal of the Trade Promotion Authority and the Farm Bill. Both bills could spur movement for the Doha Agreement.
Go to the report at:
B27/03-07. Posted May 14/07