News Letter Subscription
World Economy
US Economy
China Economy
Singapore Economy
Canada Economy
more...
Major Companies
ET 500 Companies
Forbes Companies
Fortune 500 Companies
Insurance Companies
S & P 500 Companies
more...
Indian Economy
Business & Economy
Textile Industry
VAT(Value Added Tax)
Poverty in India
FDI
more...
World Industry
Insurance
Finance
Steel Industry
Oil Industry
more...
Mortgage Industry
US Mortgage
UK Mortgage
China Mortgage
Canada Mortgage
US Economy
US Real Estate
US State Economies
US Banks
US Chambers of Commerce
more...
World Investment
Investment Strategy
Real Estate Investment
Property Investment
Online Investment
more...
Economic Relations
US China
Indo-US
Indo-Japan
more...
Stock Exchanges

Economic Indicators

Type of Economic System

World Country

Nobel Prize

World Organizations

Car Finance

Personal Finance

 
Home >> World Trade Organisation >> Hong Kong Conference

Hong Kong Conference

WTO WTO Agreement Doha Summit Cancun Summit
 


THE SIXTH WTO MINISTERIAL CONFERENCE

The Sixth WTO Ministerial Conference will be held in Hong Kong, China, 13–18 December 2005. In general, ministerial conferences are the WTO’s highest decision-making body, meeting at least once every two years and providing political direction for the organization. This sixth conference will be vital for enabling the four-year-old Doha Development Agenda negotiations forward sufficiently to conclude the round in 2006.


Objective Of The Conference

The main task before members in Hong Kong is to settle a range of questions that will shape the final agreement of the Doha Development Agenda, which members hope to complete a year later, at the end of 2006.

Launched at the Fourth Ministerial Conference in November 2001, the Doha Development Agenda includes negotiations on a range of subjects, and work on issues related to the implementation of agreements arising from previous negotiations (the 1986–94 Uruguay Round, which created the WTO).

For the negotiations on agriculture and non-agricultural market access, the aim is to agree on formulas and other details that will determine the scale of reductions in tariffs on thousands of products and on farm subsidies. Also on the agenda are preparations for the final stages of negotiations in services, various WTO rules and a number of development issues.

Previous ministerial conferences have also been occasions when governments approved new members to the WTO. Some of the current talks seem likely to be concluded before or in Hong Kong