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A future agenda for eu trade policy as if the real world really mattered

A future agenda for eu trade policy as if the real world really mattered

Reality Check 1: With regards to the WTO "do no harm."

Of course you like the WTO but everybody knows it really is in serious trouble. Despite their public statements, Heads of Government are simply just not ready to make the trade-offs essential to complete an economically meaningful Doha Round. Without doubt a mouse could possibly be produced if matters get so very bad that people need a Doha Round deal to "save the machine." But, by 2008, it became clear that everyone had learned that there is no basis for a deal.

Thomas Schelling, the Nobel Prize-winning strategist, supplies the best way of taking into consideration the Doha Round stalemate. Schelling showed that if one negotiator was presented with by its government an extremely restrictive negotiating mandate then, under some circumstances, other negotiating parties keen to summarize a deal would do etc the former’s terms. But Schelling also remarked that if many governments tied the hands of their negotiators then stalemate was possible.