Trade

Op-Ed

How the Food Crisis Could Solve the Doha Round

Authors: Jagdish N. Bhagwati and Arvind Panagariya
Financial Times

With the Doha trade round in danger of slipping from our grasp, it has become commonplace to assert that the food crisis, while a tragedy, is a shot in the arm for the talks. In this Financial Times op-ed, Jagdish Bhagwati and Arvind Panagariya find that only one such argument passes muster—the fact that high food prices should soften U.S. opposition to lower agricultural subsidies, thereby relaxing key constraints on the final compromises necessary to reach an agreement on agricultural liberalisation.

See more in India, Trade, WTO

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WSJ: Obama May Find It Hard To Govern as Free Trader

Author: Bob Davis

The Wall Street Journal says anti-free trade activists and labor unions have pressured Sen. Barack Obama (D-IL) into committing to making various pro-labor trade reforms. Business interests are concerned that these new requirements could "make it impossible for the U.S. to sign trade deals with developing countries such as Egypt, Pakistan and India that have growing markets but lousy labor records."

See more in United States, Trade

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TNR: Trade Secrets

Author: John B. Judis

Many analysts say NAFTA has not had as devastating an impact on the U.S. job market as the Democratic candidates claim, the New Republic reports. Still, John Judis writes, the trade agreement has stressed the U.S. work force by driving up illegal immigration to the United States.

See more in North America, Trade