The Doha Round of global trade talks recalls the classic Monty Python sketch in which a customer holds up a dead parrot in a cage while the shopkeeper insists that the parrot is only “resting.” Given the stakes for the global economy, the parrot must be revived.
NEW YORK – The Doha Round of Multilateral Trade Negotiations (MTN) is the first negotiation to take place under the auspices of the World Trade Organization (WTO), founded in 1995. The eight previous rounds of global trade talks were conducted under the General Agreement on Tariffs and Trade (GATT), following its creation in 1947.
The previous MTN, the Uruguay Round, took nearly eight years to complete, causing some to quip that GATT stood for the General Agreement to Talk and Talk. But the jokes about the Doha Round, which is in its tenth year, are far worse – akin to the classic Monty Python sketch in which a customer holds up a dead parrot in a cage while the shopkeeper insists that the parrot is only “resting.” When the parrot drops off its perch in the cage, the customer insists that it is now clear that the parrot is dead. The shopkeeper, however, insists that the bird is only “stunned” by the fall.
Increasingly, political leaders like British Prime Minister David Cameron, German Chancellor Angela Merkel, and Indonesian President Susilo Bambang Yudhoyono, who spoke eloquently for the Round at the World Economic Forum in Davos this year, are emphasizing that the Doha Round’s failure would cost the world significant gains in prosperity, halt progress for the poor in developing countries, and reduce workers’ real incomes in developed countries.
NEW YORK – The Doha Round of Multilateral Trade Negotiations (MTN) is the first negotiation to take place under the auspices of the World Trade Organization (WTO), founded in 1995. The eight previous rounds of global trade talks were conducted under the General Agreement on Tariffs and Trade (GATT), following its creation in 1947.
The previous MTN, the Uruguay Round, took nearly eight years to complete, causing some to quip that GATT stood for the General Agreement to Talk and Talk. But the jokes about the Doha Round, which is in its tenth year, are far worse – akin to the classic Monty Python sketch in which a customer holds up a dead parrot in a cage while the shopkeeper insists that the parrot is only “resting.” When the parrot drops off its perch in the cage, the customer insists that it is now clear that the parrot is dead. The shopkeeper, however, insists that the bird is only “stunned” by the fall.
Increasingly, political leaders like British Prime Minister David Cameron, German Chancellor Angela Merkel, and Indonesian President Susilo Bambang Yudhoyono, who spoke eloquently for the Round at the World Economic Forum in Davos this year, are emphasizing that the Doha Round’s failure would cost the world significant gains in prosperity, halt progress for the poor in developing countries, and reduce workers’ real incomes in developed countries.