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Mehdi SALEHIZADEH * Feraidoon (Fred) RAAFAT ** I. INTRODUCTION On the World Trade Organization's official web-page, the following announcement was posted in August, 2004: "The WTo's 147 [currently 151] member governments approved on 31 July 2004 a package of framework and other agreements, which Director-General Supachai Panitchpakdi [currently Pascal Lamy] said will greatly enhance members' chances for successfully completing the important Doha negotiations." As of year-end 2007, however, it appeared that this statement was too optimistic. Indeed, the Doha (named after the capital of Qatar) Round of Multilateral Trade Negotiations has been in "trouble" since its launch in 2001, and its latest status can only be classified as being in "comatose." GATT (the General Agreement on Tariffs and Trade) was founded in 1947, while WTO was established in 1995. As GATT turned 60 in 2007, much has been praised about its accomplishments in lowering tariffs, enhancing global trade, and contributing to global economic prosperity through its successful rounds of discussions and negotiations. However, in general, agreements on agriculture have yielded less positive results. Meanwhile, WTo was launched with the aim of addressing global trade concerns over services, intellectual property, and other aspects of modem-day trade. A number of key
Journal of World Investment and Trade – Brill
Published: Dec 20, 2007
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