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Present Status and Prospects for the DDA Negotiations: Preparing for the Hong Kong Ministerial Conference
economic opening, multilateral negotiations
Author Moonsung Kang, Jun Gu Kang, Ji Hyun Park, and Jeong Gon Kim Series 05-02 Language Korean Date 2005.12.30
The DDA (Doha Development Agenda) negotiations, the 9th Multilateral trade round, has focused on nine sectors including agriculture, non-agricultural market access, and services. The DDA, which has been deadlocked since failure in Cancun, recovered its momentum when the July Package was adopted in August 2004. Since then, member countries have intensified negotiations in order to reduce gaps between countries' perspective. Although most attention has been focused on farm trade, non-agricultural market access, and services, the negotiators have been at loggerheads over how to free agricultural trade, and have made little progress on the liberalization of services and industrial goods.On December 13, the world's trade ministers gathered in Hong Kong to advance the DDA negotiations. Although progress in Hong Kong will not be easy, Korea, heavily dependent upon foreign trade, must closely observe the ministerial conference in Hong Kong and prepare for the future developments of the Doha round. (The rest is omitted.)
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