Quiz 8: Capitalizing on Global and Regional Integration

Business

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Collapse of Doha round: Doha round was the trade negotiation sponsored by the World Trade Organization. The aim of Doha round was as follows: • To reduce agricultural subsidies. • To cut down tariff rates. • Protection of intellectual property. • Free up trade in services. Doha round collapsed in 2006 due to the disagreements between the member countries. All the members were collectively responsible for the collapse of the Doha round. No deal among the member countries is better than a bad deal. Developed countries and the developing countries could not come in common terms.

List of the countries admitted to WTO since 2000: The list of the countries admitted as WTO member since 2000 are the following: img

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