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International Monetary Fund and the World Bank Doha Development Agenda and Aid for Trade

By The World Bank

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Book Id: WPLBN0000120348
Format Type: PDF eBook
File Size: 0.5 MB
Reproduction Date: 2005
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Title: International Monetary Fund and the World Bank Doha Development Agenda and Aid for Trade  
Author: The World Bank
Volume:
Language: English
Subject: Economics, Finance & business, World Bank.
Collections: Economics Publications Collection
Historic
Publication Date:
Publisher: The World Bank

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Bank, T. W. (n.d.). International Monetary Fund and the World Bank Doha Development Agenda and Aid for Trade. Retrieved from http://members.worldlibrary.net/


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Economics

Excerpt
While export subsidies are the smallest component of protection in dollar terms, they are highly distorting and the decision in the July Framework Agreement to eliminate them within an agreed timeframe as a part of the outcome of the Doha Round is welcome. The actual development impact of this decision will depend critically on the transition period for the elimination of the subsidies and other details still to be negotiated over the coming months. Issues of parallelism (i.e., the treatment of export credits, exporting state trading enterprises, and food aid) are also important and further elaboration appears necessary for the deal on the pillar of export competition to be completed. Of particular interest from a developmental perspective will be the debate on how to define where genuine food aid ends and commercial displacement begins. 12. Finally, any successful outcome of the agriculture negotiations is seen to require a substantive outcome on the trade aspects of cotton, which the July Framework Agreement confirmed should be dealt with ?ambitiously, expeditiously, and specifically? in the context of the negotiations on agriculture.5 African countries are expressing a growing frustration at what they perceive as a lack of response from trade partners to their proposals in this area. The EU has indicated its willingness to ?front load? cotton-reforms in the context of an eventual agricultural deal and the United States, in turn, is underscoring actions taken to comply with a recent WTO ruling that required reform of its subsidies and credit programs for cotton. Still, cotton may become a major point of friction at the Hong Kong SAR Ministerial. The World Bank and IMF will continue to work with others to address the development dimensions of this topic.

 

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