But prospects for a successful conclusion to the Doha Round of World Trade Organization negotiations in 2011 are dim.
The U.S. should enjoy strong dairy trade prospects again this year, following record tonnage exports in 2010 and second only to 2008 in terms of export value, report University of Wisconsin dairy economists Ed Jesse and Bill Dobson.
“Conditions appear favorable for strong U.S. dairy exports in 2011,” the say in a report released last week through the Babson Institute
However, prospects for a successful conclusion to the Doha Round of World Trade Organization negotiations in 2011 dim with each successive week, say the economists. There just doesn’t seem to be the political will to complete the negotiations. U.S. market access to India, China and others was a key sticking point for U.S. negotiators.
As a result of the WTO talk failure, nations are likely to pursue bilateral and regional Free Trade Agreements on their own. U.S. agreements with Columbia, Korea and Panama are examples. While these agreements can facilitate trade between the agreeing parties, they also continue a “spaghetti bowl” of tariffs and trade restrictions that block other nations.