Speakers expressed their reservations about members mandating the WTO to deal with agriculture and as an alternative suggested the creation of a World Agriculture Organization (WAO). The panellists were of the view that the WAO would be a much more farmer-friendly organization since farmers do not only have to compete with other farmers but also have to face pests, weather and natural disasters. Speakers warned governments that they should start regulating speculation in raw materials in the agricultural market since this action is harming food security and damaging food prices. While they agreed that this is not an area for the WTO, they stated that the WTO would not be able to function properly if this problem of speculation is not resolved.
Concerning the future of the WTO and the Doha Round, the panellists commented that the Round is dead and that it should be given a burial. They were of the view that the WTO must move forward now and make progress in another area. If not, it will lose credibility. Panellists argued that the negotiations are failing because they are based on rules and principles that no longer reflect the current political and economic landscape. In the same light, panellists blamed the shifting power geometry among WTO members for the problems in the Doha Round. Speakers said that the Doha Round has been unable to keep up with the geopolitical and financial changes that have happened since it was launched.
WTO PUBLIC FORUM: 19—21 SEPTEMBER 2011
The WTO in Transition: Coping with New and Evolving Challenges
Special Correspondent - 2011-09-21 06:38
A session in WTO PUBLIC FORUM: 19—21 SEPTEMBER 2011 discussed in two parts, how to dealing with food prices and subsidies in agriculture, and the future of the WTO.