Trade and Development at the WTO
The World Trade Organization's 5th ministerial meeting, to be held at Cancân in September 2003, will take stock of progress made on development issues. The Committee's report identifies three key elements for a successful development round: development-friendly agreements on a range of trade issues; effective participation by developing countries; and flexibility and policy space for developing countries within the WTO's rules. Conclusions reached include the need for substantial reductions in domestic agricultural support, export subsidies and tariffs, so that developing countries have greater trade opportunities. The proposed CAP reforms are a small step in the right direction, but the UK Government must keep up the pressure for further, major reform.