Towards Hong Kong: History as farce C.P. Chandrasekhar

It is history repeating itself as farce. Negotiators meeting in London, Geneva and elsewhere await an acceptable agreement between the US and the EC on agriculture, before working out a deal that would help salvage the next major step in the Doha Round of trade negotiations: the Hong Kong Ministerial starting December 13. The US seeks to appear reasonable by putting out an offer that sounds path-breaking. The offer includes the following: First, in US Trade Representative Rob Portman’s words (Financial Times, October 10, 2005), the deal should involve “steep tariff cuts over the next five years, starting from 55…