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A Development Perspective on the WTO July 2004 General Council Decision

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  • Faizel Ismail

Abstract

Nobel laureate Amartya Sen sees development as the process of expanding human freedoms. Applying Amartya Sen's definition of development to the trade arena, the author identifies four elements of the development dimension in the multilateral trading system, viz. fair trade, capacity-building, balanced rules and good governance. This paper evaluates the recent WTO July 2004 General Council decisions using the above definition of the development dimension of the multilateral trading system. Each of the five critical issues negotiated in the above meeting: Agriculture, Cotton, Non-Agricultural Market Access, Singapore Issues, and the Development Issues are discussed in detail in the paper. The conclusion is cautiously optimistic, and calls on all WTO Members to build on the advances of the WTO July GC decision, as WTO Members prepare for the sixth WTO Ministerial meeting, scheduled to take place in Hong Kong in December 2005. Copyright 2005, Oxford University Press.

Suggested Citation

  • Faizel Ismail, 2005. "A Development Perspective on the WTO July 2004 General Council Decision," Journal of International Economic Law, Oxford University Press, vol. 8(2), pages 377-404, June.
    • Handle: RePEc:oup:jieclw:v:8:y:2005:i:2:p:377-404
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