POL214Y1 Study Guide - Final Guide: World Trade Organization, Liberal Democracy, Francis Fukuyama
Document Summary
Happening in bali last week in nov. hopeful that they would reach some kind of agreement. This round of negotiations considered to be crucial for wto credibility. Wto would collapse if there wasn"t proper agreement. They issued statement that there was a big success. Try to reduce bureaucratic barriers between countries. To cut some tariffs from the poorest countries. Informal barriers which are things like standards that are unachievable in poor countries. India was insisting that they be allowed to subside farmers to secure food for national supply. Subsidies are national security they are able to eliminate or exclude negotiation that type of domestic policy. India was saying and if we sanction then we pull out of the world trade organization. They allowed india four years food subsides. The peace clause- poor countries allowed to subsides for four years. Time limit, and it"s going to come out for negotiation.
