Doha Development Round
The Doha Development Round is a series of trade negotiations under the umbrella of the World Trade Organization (WTO), initiated in 2001 in Doha, Qatar. Its primary goal is to address the needs of developing countries by reducing trade barriers and promoting fair trade practices. The round aims to enhance global economic growth and improve living standards through increased trade opportunities.
Negotiations in the Doha Round focus on various issues, including agricultural subsidies, industrial tariffs, and services trade. Despite numerous meetings and discussions, the round has faced challenges and delays, with many countries struggling to reach a consensus on key topics.