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Abstract: :The caselet focuses on the WTO and its role in global trade. It discusses the failure of the Cancun Round of the ministerial conference. It goes into the impact of liberalization on different economies and the future role of the WTO.
Introduction: In September 2003, member countries of the World Trade Organization (WTO) met at Cancun, Mexico, for a regular ministerial conference. The meeting, which was expected to improve trade between the member countries unfortunately ended in failure.In response to the Draft Ministerial text offered at the Cancun meeting under the leadership of Brazil and India, both developing and the poorer countries of the world came together and formed a group known as G-22.
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