WTO Enters Uncharted Waters By Forsaking Doha Round

By Alex Lawson (December 21, 2015, 5:57 PM EST) -- The World Trade Organization effectively abandoned the long-stalled Doha Round of trade talks at its ministerial conference over the weekend, a move that could fundamentally alter the multilateral body's role on the global stage.

In its ministerial declaration issued after the summit in Nairobi, Kenya, the WTO did not explicitly state that it would be moving on from the Doha Round launched in 2001, but its acknowledgment of dissent within the membership essentially amounts to a rebuke of the current multilateral model, according to Peterson Institute for International Economics senior fellow Gary Clyde Hufbauer.

"Countries will be able to raise issues...

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