The Doha Round of trade negotiations for the period 2001-2006 was an attempt at a multilateral trade agreement. It would have been between any member of the World Trade Organization (WTO). It was launched at the WTO meeting in Doha and Qatar in November 2001 with the aim of being completed by January 2005, but the deadline was extended to 2006. Talks were finally suspended in June 2006 due to the refusal of the United States and the European Union to reduce agricultural subsidies. The Doha Agenda set out a number of tasks to be accomplished before or at the Fifth Ministerial Conference in Cancn. Mexico, 1014 September 2003. On the eve of the conference, on 30 August, an agreement was reached on trips and the issue of public health. However, a number of deadlines have not been met, including the modalities of agriculture and negotiations on market access outside agriculture, the reform of the dispute settlement agreement and recommendations on special and differential treatment. Members were also not on the verge of reaching agreement on the multilateral register of geographical indications for wines and spirits, which will be finalized in Cancn.
Negotiations broke down on July 29 on agricultural trade issues between the United States, India and China.  In particular, there have been intractable differences between India and the United States over the Special Protection Mechanism (MSM), a measure to protect poor farmers by allowing countries to impose a special tariff on certain agricultural goods in the event of an increase or decrease in imports.  The failure of Doha means that future multilateral trade agreements must be more attractive to countries with competitive advantages. Other sensitive issues must also be resolved if talks are to resume. The UNITED States, Japan and China must recognize that their “currency wars” – where countries try to have the lowest currency – export inflation to other countries like Brazil and India. On 30 August 2003, WTO members reached an agreement on trips and medicines issues. At the General Council, member governments approved a decision that provides for a provisional derogation under the TRIPS Agreement allowing a Member State to export pharmaceutical products manufactured under compulsory licence to other least developed members and certain others.  The WTO General Agreement on Trade in Services (GATS) obliges member state governments to enter into negotiations on specific issues and to start successive rounds of negotiations on the progressive liberalization of trade in services. . .