Correct option is D
The correct chronological order of the WTO Trade Negotiation Rounds is as follows:
- E. Doha Conference (2001): The Doha Development Round was launched in Doha, Qatar, to address trade barriers and developmental issues in global trade.
- D. Cancun Conference (2003): The 5th WTO Ministerial Conference held in Cancun, Mexico, focused on reviewing the progress of the Doha Round but ended in disagreement.
- C. Hong Kong Conference (2005): The 6th Ministerial Conference in Hong Kong aimed to make progress in trade liberalization and developmental issues.
- B. Geneva Conference (2009): The 7th Ministerial Conference took place in Geneva, Switzerland, focusing on the multilateral trading system.
- A. Bali Conference (2013): The 9th Ministerial Conference held in Bali, Indonesia, achieved a significant breakthrough with the Trade Facilitation Agreement (TFA).
Thus, the correct order is: E (Doha) → D (Cancun) → C (Hong Kong) → B (Geneva) → A (Bali).
Information Booster:
Key Details of Each Conference:
- Doha (2001): Initiated the Doha Development Agenda, focusing on reducing trade barriers and addressing developmental issues.
- Cancun (2003): Stalled negotiations due to disagreements between developed and developing countries over agricultural subsidies and trade rules.
- Hong Kong (2005): Progressed on the Doha Agenda by agreeing to eliminate agricultural export subsidies by 2013.
- Geneva (2009): Highlighted the importance of the multilateral trading system during the global financial crisis.
- Bali (2013): Marked a milestone with the adoption of the Trade Facilitation Agreement (TFA), the first major trade deal since the WTO's establishment.
