Doha's Good Deeds

After briefly describing the aspirations of the World Trade Organization's Doha Development Agenda, focus turns to the implications of the US 2008 Farm Bill, which essentially approved subsidies that the Doha Round is seeking to diminish & constitutes what is seen here as a lost reform opportunity provided by record global commodity prices. Other problems noted here include Farm Bill protectionism in connection to sugar, US & European inflation, & surging global food prices. Attention turns to how the Doha Development Round might address rising global food prices in terms of better distribution or eliminating trade-distorting subsidies. Asserting that the Doha Round is the best way forward, the implications of its potential failure are considered in closing. Adapted from the source document.