
According to the head of the World Trade Organization the deal that could put forward a global free trade by setting some trade regimes free is in great danger. The reason behind this announcement is a result of the escalating differences between some developed countries and other developing economic giants.
It was in 2001 when the Doha Round was launched, which was named for the Qatari capital, has missed a lot of trade talks already as well as failing to meet some deadlines since a number of developing countries disagree in terms of the levels of cuts on industrial good tariffs and agriculture subsidies.
The non-agricultural market access or NAMA is the cooperation on tariff reductions for industrial goods which is supposed to be the main agenda of the Doha Round meetings.
There are a number of countries like the United States, which are requesting to see bigger concessions on industrial tariffs from nations like China, Brazil, India and other developing countries than what they are giving at present.
There is a very fundamental gap in expectations in sectorals, this was the result of the one-on-one consultations with some of the key trading countries.
The developing countries dispute that industrialized nations greatly support their farmers financially, who then enjoy competitive advantage in world markets.