"On July 31, 2004, the 147 members of the World Trade Organization (WTO) reached a Framework Agreement for conducting future Doha Round trade negotiations. The Framework Agreement is the latest step in the Doha Development Agenda (DDA) round of trade negotiations at the WTO, which was launched at the 4th Ministerial of the WTO at Doha, Qatar in November 2001. This report provides analysis of the framework agreement and its significant results (agriculture, industrial market access, services, and trade facilitation) in the context of U.S. objectives. The Framework addresses the three 'pillars' of agricultural trade liberalization identified in the 2001 Doha Ministerial Declaration: substantial reductions in trade-distorting domestic support; the phase-out, with a view to total elimination, of all export subsidies; and substantial improvements in market access. A crucial trade-off for the negotiations is the extent to which developed countries reduce their trade-distorting domestic support in return for additional market access from large developing countries."
CRS Report for Congress, RL32645
United States. Department of State, Foreign Press Centers, Bureau of Public Affairs: http://www.fpc.state.gov/