New EU study shows significant economic benefits from a Doha deal

A study published today shows that the economic benefits arising from the Doha Development Agenda (DDA) negotiations in the World Trade Organisation amount to an increase of world exports of $359 billion on an annual basis from a deal on the liberalisation of industrial goods, agriculture, services and on the removal of red tape. If an agreement on sectoral liberalisation of industrial goods (chemicals, machinery, electronics) could be reached, world exports would increase by a further $146 billion, totalling $505 billion annually, according to the study.