91. The WTO and its Institutional Future - Evaluating the Lessons of Seattle
- Author:
- Isabella Falautano
- Publication Date:
- 06-2000
- Content Type:
- Working Paper
- Institution:
- Istituto Affari Internazionali
- Abstract:
- There has been a lot of talk in the last months about the results of the third ministerial meeting of the WTO, held in Seattle from November 30th to December 3rd, 1999. In Seattle, the WTO was expected to adopt a proposal for the launching of a comprehensive new Round – the so-called Millennium Round – encompassing a broad and ambitious range of topics, from the more traditional challenges to the new trade issues. Instead, the meeting finished in a dramatic failure and the risk now is that the trading system of the twenty-first century will drift into a fog of uncertainty. One should point out that, at the end of the Uruguay Round a renegotiation was foreseen in the two key sectors of agriculture and services, the so-called "built-in" or progressive agenda. While the scenario for a global round, as I will try to clarify, is improbable to say the least in the short term, sectoral negotiations in agriculture and services will be starting in the year 2000. Nevertheless, the general context in which such negotiations are being launched, and in which the pro-Round coalition is trying to built consensus, is undoubtedly difficult.
- Topic:
- Globalization, International Organization, and International Trade and Finance
- Political Geography:
- United States and Europe