1945

Market access (trade)

For more than half a century, the international community has sought to dismantle policy barriers to international trade, strengthen the legal means for resolving trade disputes and support the contribution of trade to development. Great strides were made in realizing these ambitions over the closing decades of the twentieth century. The new century began with a strong promise in the Millennium Declaration to further advance these goals. In November 2001, the World Trade Organization (WTO) launched a comprehensive set of multilateral negotiations the (the Doha Development Agenda). However, after more than a decade has passed, it is fair to say that global trade negotiations are largely stalled. Trade negotiators from a number of countries are instead refocusing on negotiating arrangements among smaller groupings of countries or bilaterally. Aid for Trade has begun to decline, although a number of international trade policy commitments that favour developing countries, and in particular the least developed countries (LDCs), are being implemented. Reaching agreements within the next two years in what have thus far been elusive multilateral trade negotiations would not only help bring the global partnership for development back on track towards realizing the vision in Millennium Development Goal 8, but also support global economic recovery and lay a strong foundation for the post-2015 development agenda.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
/content/books/9789210562164c011
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