Thursday, December 3, 2009

An Introduction to the 2005 Hong Kong Ministerial Declaration

The 2005 Hong Kong Ministerial Declaration laid out frameworks for improving trade within Africa and between Africa and the world. It's intent was to continue the development goals of the Doha Work Programme, which has been under development. The declaration addresses many aspects of trade and negotiations, including market access and rule-making for both agricultural and non-agricultural (NAMA) products. Particular areas highlighted in the declaration include: mutual support of both trade and care for the environment, TRIPS and public health, transfering technology to the third world, and the Aid for Trade initiative.
While the 2005 Hong Kong Ministerial Declaration and the Doha Negotiations have provided much discussion on trade with Africa, trade has not significantly improved. The question the World Trade Organization is now faced with is how best to assist Africa with trade, and what frameworks can be created and implemented for trade.