The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis.
The upcoming World Health Organization pits the U.S. and European Union (EU) against developing countries led by India, China and Indonesia.
The US’s 2014 farm bill is decidedly more trade-distorting than its predecessor.
U.S. intransigence in following through on the commitment in Bali to negotiate a permanent outcome on India’s programme of administered prices and stockholding for food security looks all the more hypocritical in light of the 2014 farm bill. University of California professor Colin A. Carter wrote in a 2014 commentary, “The provisions of the 2014 Farm Bill… may well have cost the United States any credibility in future agricultural trade negotiations in the Doha round.”
The Barack Obama administration is relentlessly pursuing two large trade agreements—the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP). These allow for far greater trade liberalization in market access and investment rules than what the Doha round offers while excluding US agricultural subsidies from the discussion. The US is simultaneously pushing the WTO to move beyond the Doha round to the so-called Singapore issues of government procurement, trade and competition and trade and investment.
The developed world certainly dominates the global market for hypocrisy, and the US Farm Bill, passed by a Congress unconcerned with the rest of the world, is a case in point. Hopefully, the developing world can hold firm to join India in defending public stockholding programs for food security and in reviving the promise of development embodied in the Doha development round.
Read full, original post: Destruction of US credibility at WTO