One of the truisms of the postwar multilateral trade negotiations is that each “round” of trade talks has been longer than the previous one. The Uruguay round, which led to the creation of the World Trade Organization, lasted eight years. The current Doha round began in November 2001. The last serious effort to complete the round collapsed in the summer of 2008; the negotiations are now on year 14 with no end in sight.
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Authors: THE WASHINGTON POST