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 <subject>Economic development</subject>
 <subject>Foreign trade agreements</subject>
 <subject>International agreements</subject>
 <subject>International organizations</subject>
 <subject>International trade</subject>
 <subject>Schedule slippages</subject>
 <subject>Trade agreements</subject>
 <subject>Trade policies</subject>
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 <subject>Agricultural policies</subject>
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 <title>World Trade Organization: Global Trade Talks Back on Track, but Considerable Work Needed to Fulfill Ambitious Objectives</title>
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<abstract>The outcome of ongoing World Trade Organization (WTO)
negotiations is vital to the U.S. economy, because trade with WTO
members accounts for about one-fifth of the U.S. gross domestic  
product. The current round of trade negotiations--called the Doha
Round--was supposed to end by January 2005 with agreement on the 
key issues of agriculture, industrial market access, services,	 
and to strengthen the trading system&apos;s contribution to economic  
development. Failure to reach any agreement at the last WTO	 
ministerial meeting in Cancun, Mexico, in September 2003, put the
talks behind schedule and threatened the outcome; however, talks 
resumed in 2004, and a new ministerial conference will convene in
Hong Kong in December 2005. In light of these events, and with	 
the impending renewal decision on U.S. Trade Promotion Authority,
which streamlines the process by which Congress approves trade	 
agreements, GAO was asked to assess (1) the overall status of the
Doha Round negotiations, (2) progress on key negotiating issues, 
and (3) factors affecting progress toward concluding the	 
negotiations.</abstract>
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<identifier type="preferred citation">GAO-05-538</identifier>
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 <topic>Foreign trade agreements</topic>
 <topic>International agreements</topic>
 <topic>International organizations</topic>
 <topic>International trade</topic>
 <topic>Schedule slippages</topic>
 <topic>Trade agreements</topic>
 <topic>Trade policies</topic>
 <topic>Developing countries</topic>
 <topic>Agricultural policies</topic>
 <topic>International economic relations</topic>
 <topic>International trade regulation</topic>
 <topic>Trade negotiations</topic>
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  <title>United States Public Law 171 (107th Congress)</title>
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  <title>United States Public Law 210 (107th Congress)</title>
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 <identifier type="public law citation">Public Law 107-210</identifier>
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