Failure of WTO's Doha negotiations leaves ECA subsidies in effect

(IPP Media, Dars Es Salaam, 12 August 2008) The Doha Round trade negotiations which failed at the end of July, included provisions to eliminate export subsidies by 2013, including subsidies hidden in export credits. Trade gains would have increased developing world incomes by less than a penny per person per day, while giving Northern consumers 25 times as much, according to World Bank data analysed by an Indian research centre.(PDF file)