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the Doha round of WTO negotiations

The WTO's Doha Ministerial has launched a new round of international trade negotiations, due to begin with the first meeting of the Trade Negotiations Committee on 28 January 2002 and scheduled to end by 1 January 2005. At the conclusion of the Uruguay Round in 1994, calculations by the UNDP and OECD showed that within six years global income would grow by US$200-500 billion as a result of the round. However, it was acknowledged that all these gains would go to the industrialised countries of the OECD and to the richer middle-income developing countries. Even before implementation had started, LDCs were predicted to lose US$600 million a year and Sub-Saharan Africa US$1.2 billion a year from the Uruguay Round. If the Doha Round is to have a genuine 'development agenda', this situation must not be allowed to repeat itself.