WTO IN FOCUS AGAIN Fate of Global trade will be reviewed in the Kenyan capital starting tomorrow.

DOHA ROUND Developing countries to

cut import duties on agricultural product. Developed countries to lower farm subsidies.

A cut in custom duties on individual goods.

Reworked rule for services to ensure easy movement of professionals across borders & opening more sectors to FDI

1995

1995 ! WTO is born, replaces General Agreement on Trade & Tariffs (GATT)

1997 ! Deal reached on telecom & Information technology

2000 ! Doha Round is born, aims to conclude deal in 2005

2003 ! In Cancun, African Counties block move to include new issues such as trade facilitation, Govt procurement, investment & competition policy

Trade Ministers from over160 COUNTRIES

Attempt to break a deadlock faced

By the 20-years-old agency

2015

2014 ! BJP Govt blocks trade facilitation deal butAgrees after the peace clause tenure is made permanent

2013 ! Amid Stalemate on major issues, trade ministers agrees on trade facilitation deals for easier clearance of goods at ports and airports.in return, India gets a “peace Clause” for four years.

* Source of this data is Times Of India & Ministry Of Commerce