Wednesday, February 2, 2011

The Doha Round and drought

The Doha Round — when completed — will oil the wheels of international trade in commodities, giving the developing world its fair share of the market.  It will improve the workings of what is no more, in the end, than a transmission belt, between countries where there is demand and countries where there is supply.  For food trade, the climate crisis makes a properly functioning transmission belt even more imperative.  Droughts, and other natural catastrophes, should not deprive parts of the globe from food.

That’s Pascal Lamy pitching for the passage of the Doha Round and managing food price spikes.