By Peter Ungphakorn
POSTED AUGUST 30, 2020 | UPDATED AUGUST 31, 2020
On July 29, 2008, an attempt by a group of trade ministers to conclude the Doha Round of World Trade Organization (WTO) negotiations collapsed in acrimony.
Pascal Lamy, who had chaired the talks as WTO director-general, said members had converged towards consensus on 18 out of 20 outstanding topics. They had failed on the 19th, he said: the “special safeguard mechanism”.
India’s representative at the time, Commerce Minister Kamal Nath, was scathing. “The most important thing was the livelihood security, the vulnerability of poor farmers, which could not be traded off against the commercial interests of the developed countries,” he told journalists.Continue reading “Behind the rhetoric: Does the WTO need a third ‘safeguard’ against import surges?”