Les Etudes du CERI

This study aims to provide all the necessary keys to understanding the new round of multilateral trade negotiations set off by the World Trade Organization members in Doha on November 14, 2001. It first presents the circumstances that framed the conference, enabling a new round of talks to begin. After the failure of the Ministerial Conference in Seattle, serious doubts indeed hovered as to whether new multilateral trade talks could be launched. Nevertheless, various factors, such as improved transatlantic relations, consideration of the demands of developing countries and civil society, better Conference preparation and the events of September 11 all created a favorable context for Doha. The study then proceeds to describe the characteristics of the new negotiation round and the stakes involved. In drafting the Doha Declaration, so many last-minute diplomatic compromises were made that the document is complex to interpret, even for the negotiators themselves. How the negotiations will be organized from a practical standpoint is also unclear, and warrants clarification. This study thus summarizes the various issues slated for negotiation and what is at stake, as well as the organization and main deadlines for negotiation. Lastly, it analyzes the current state of negotiations and perspectives in view, without going into detail or predicting the future. At a time when WTO members are in the process of negotiation, any conclusion in this regard would quickly be outdated. However, this study reveals that the context that prevailed at Doha no longer exists, and that today the progress of negotiations has run up against several obstacles, as can be seen in the difficulties they are encountering at this early stage.

This paper studies the institutional transformation of Latin America’s oil sector. It discusses specific policy choices and the timing of reforms in this industry. Latin American countries present different models of openness and energy-sector dynamics, and allow for an analysis of the liberalization process from a range of points of view: that of an importer (Brazil), of a historically self-sufficient country (Argentina) and of oil exporters (Mexico and Venezuela). The degree of dependence on oil revenues has proven in general to be negatively correlated with the level of openness of the oil sector. That is, countries more dependent on their oil sector for foreign and fiscal revenues tend to be less liberalized and open to private investment. This principle also holds true in Latin America: oil importers and self-sufficient countries like Argentina, Peru, Bolivia and Brazil indeed have oil industries that are relatively more open to private sector participation than those of the oil exporters in the region (Venezuela, Colombia, Ecuador and Mexico). However, different levels of openness exist within these general categories of importers and exporters. This paper will further argue that differences among countries in the same category are a function of the strategic and financial position prior to reform of their respective National Oil Companies (NOC), which is in turn related to the institutional evolution of the oil industries in these countries.