J. Peter Neary
This paper reviews progress towards a new trade agreement under the Doha Development Agenda. A hitherto-unnoticed empirical regularity suggests that post-Cancun pessimism may be unwarranted. Some of the key contentious issues are examined, including agricultural and manufacturing trade barriers, competition policy and intellectual property rights. A potential sticking point is whether the US will accept a quasi-judicial role for the WTO and constraints on anti-dumping policy. European governments need to decide how badly they want to complete a new trade agreement, and should start preparing their constituents for compromise if an agreement is to be reached.
Presented to the Munich Economic Summit 2003; published in CESifo Economic Studies, 50:2, Summer 2004, 319-332.
JEL Codes: F12, L13
Keywords: Export Subsidies; R&D Subsidies; Social Cost of Funds; Strategic Trade Policy.
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