Cancun Ministerial Conference: An Impasse



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Code : ITF0028

Year :
2005

Industry :General Business

Region : :Null

Teaching Note: Available

Structured Assignment : Available

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Abstract: Following the successful global trade talks at the Fourth World Trade Organisation (WTO) Ministerial Conference held in Doha in 2001, the Fifth WTO Ministerial Conference was held at Cancun in Mexico in 2003. The conference, which opened with the aim of reducing trade barriers and strengthening the international trading system, was stalled due to major differences between the developing countries and the developed countries on several issues, ending the conference in deadlock. While developed and developing countries blamed each other for the failure of the conference, others blamed the WTO. And for the next conference, to be held in Hong Kong in 2005, to be successful, both the developed and the developing countries have to contribute their share of the effort.

Pedagogical Objectives:

  • To discuss the implications of Cancun Ministerial conference in the international trade.

    Keywords
    World Trade Organisation (WTO), WTO Cancun Ministerial Conference, G-23 nations, Doha development agenda, Developing countries, Developed countries, International trading system, Global trade talks, Non-Agricultural Marketing Access (NAMA) issues, Agricultural issues, WTO procedural issues, multilateral and bilateral trading system, Hong Kong Ministerial Conference, Trade distorting subsidies, Import duties and tariffs

    Contents :
    Effort for Consensus at Cancun
    The Factors for the Failure
    The Singapore Issues
    The Agriculture Issues Farm Trade Liberalization


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