The Doha Development Agenda (DDA) of the World Trade Organization (WTO) began in November of 2001. The purpose of DDA is to increase international trade and to ensure that developing countries can share in the growth of world trade and economic development. For more information on the DDA, click here.
At a lunch with G20 leaders, President Obama emphasized his commitment to the Doha negotiations, stating that he wanted to improve on the work that had already taken place, according to Brian Love and Caren Bohan of Reuters. He also expressed that he would like to add other issues to the agenda beyond agricultural and non-agricultural markets.
Jonathan Lynn reports that American businesses want "more than what is currently on the table" in the negotiations. More specifically, they want emerging economies like China, India, and Brazil to "sign up to proposals to slash tariffs in key industrial sectors to zero, or close to it."
Emerging economies are seeking an increase in the number of temporary work visas for their workers, which may be a politically sensitive issue.
To read the Reuters story by Jonathan Lynn, click here.
To read the Reuters story by Brian Love and Caren Bohan, click here.
Posted: 07/20/2010
