WORLD TRADE REPORT - Exploring the links between subsidies, trade and the WTO
With focus on subsidies, a crucial issue bogging down the current series of the Doha Round Trade Talks, The World Trade Report 2006, fourth in a series launched in 2002, is out this year.
Current issue covers trade policy under the ambit of subsidies that developed countries have been offering to their agricultural and trade sectors, indirectly protecting their interests.
In his foreword, Pascal Lamy, Director General of World Trade Organization writes, "This is not intended primarily as a prescriptive Report, but rather as an invitation to deeper reflection, and it is aimed not just at policy-makers but also the public they represent and the individuals and organizations that actively seek to influence government policies. The Report also takes a brief look at recent developments in trade and discusses some salient features of recent trade developments or a particular aspect of trade. This year, the Report looks briefly at trade in textiles and clothing, flows of international receipts and payments of royalties and license fees, trends in the trade of least-developed countries, and the impact of natural disasters and terrorist acts on international trade flows."
Lamy adds, "Looking first at trade developments in 2005, aggregate real merchandise trade grew by 6.5 per cent, compared with 9 per cent in 2004."
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