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Is there any point to the WTO? Economics focus.(World Trade Organization)

Does the World Trade Organisation promote trade? A reprise

SUPACHAI PANITCHPAKDI, the softly spoken director-general of the World Trade Organisation (WTO), steps down this month with precious little to shout about. Not so long ago, he was hoping to announce a breakthrough in the Doha round of trade talks, which must agree on a template for cutting tariffs and subsidies at a big ministerial meeting in Hong Kong this December. But instead of ending on a high, Mr Panitchpakdi's watch closed with kerfuffles over bananas and ball-bearings.

On August 1st, the WTO rejected the European Union's (EU) proposed reform of its banana policy, which favours growers in its former ...

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