Doha Round Collapses – Again
Again, the Doha round of negotiation has ended with no resolution.
Developed and developing countries are not able to create a framework to lower trade barriers on agricultural goods.
The result is that world trade will continue to function unevenly through bilateral trade deals and WTO rulings.
For consumers looking for a break on rising food costs – keep looking. Right now, the governments of the world are not looking out for your pocketbooks.
Interestingly, Brazil seems to be a powerhouse in this round of negotiations. Rising commodity prices and over a decade of sound fiscal policy and social investment, have left Brazil with a strong economy and currency and a rising middle class. Because of this, Brazil was able to remain firm on issues important to them.
