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International trade and finance law

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To reform WTO law for further liberalization of trade in agricultural products, i particular the phasing out of subsidies which prevent the access of producers in developing countries to the markets of developed countries. Mreover, Dha has so far failed to address the intricate questions surrounding further liberalization of trade in services; ad the strengthening of the global regime governing the protection of intellectual property rights, wich needs to be reconciled with the interest of developing countries to gain access to vital patented drugs developed by foreign pharmaceutical companies”.

promise of the Doha Ministerial Declaration for further agriculture trade liberalization by developed countries, wile considering their development needs involving food security and rural development, frther proved as an important incentive. T be noted in this regard, i 2013, arangements for Bali’s 9th ministerial conference were focused on harvesting of new crops than utilizing the old ones. Te campaign named ‘Really Good Friends of Service’ was commenced in 2013 along with multilateral agreements focused on trade liberalization of services (World Trade Organization, 2013). Een though the changes in agricultural indicated the need for critical discussion among the member states, nt every issue was settled therewith.

Aong these unsettled issues was the aspect of food security getting influenced by Doha Round Disciplines. Wile further disciplines on OECD nation’s agricultural policies had made a contribution to universal food security, fndamentally by enhancing the predictability of agricultural trade and by triggering the abbreviation of agricultural trade flows along with controlling the inequitable competition. Mjority of the developing nations were anxious about the impact that these disciplines would have on their domestic production capacity (Das, 2003).

Aong the most difficult issues in the agricultural negotiations were to address the objectives of these countries to shelter the products that were important for their food security from tariff reductions as well as to have the rights to defend themselves from undermining import competition through the help of a ‘Special Safeguard Mechanism’. Uder the influence of lofty and unstable global food products, dveloping countries, hving net food imports, hve highlighted their susceptibility towards interruption in import supplies and had called for...

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preview essay on International trade and finance law
  • Pages: 8 (2000 words)
  • Document Type: Essay
  • Subject: Law
  • Level: Undergraduate
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