The Doha Dilemma: Implications for Korea and the Multilateral Trading System

Geneva trade diplomats are confounded by a serious dilemma: They do not know how to conclude the Doha Round of multilateral trade negotiations (MTNs), but they do not want to cancel them. As a consequence, the Doha Round seems likely to lapse into an indefinite period of hibernation—with little idea of when or how the talks could be awakened. If prolonged, hibernation would become the functional equivalent of termination—this is what has happened to the negotiation of the Free Trade Area of the Americas.