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Iowa Ag Review

Abstract

The World Trade Organization (WTO) negotiations under the Doha Round are slowly progressing toward an eventual new agreement on agriculture. A new framework for the agriculture agreement was approved by the WTO membership in August 2004. The changes in the guidelines for domestic support could have effects on many countries and many types of support. However, details on the specific regulations of the agreement have yet to be determined. Dramatic reforms in agriculture could take place under the framework, but the decisions made to implement the framework will determine if that potential is realized. If countries lack ambition and commitment to make genuine reforms, changes in support will not happen in this round.