Consider Mr Obama's support for the multilateral trading system. It must be admitted that the Doha round is on hold and Mr Obama could not move it forward even if he so desired. A principal problem is that its completion turns critically on the US making further reductions in its distorting agricultural subsidies. But the issue has become even more difficult with the collapse of commodity prices and hence increases in support payments. Besides, history shows that the freeing of trade is nearly impossible to achieve in times of macroeconomic crisis.
我们仔细考虑一下奥巴马对多边贸易体制的支持。必须承认，多哈回合(Doha Round)贸易谈判目前已被搁置，即使奥巴马迫切希望推进谈判，他也无从着手。谈判中的一个主要问题在于，其能否完成，在极大程度上取决于美国是否进一步削减其扭曲的农业补贴。但由于大宗商品价格出现暴跌，补贴额也因之提高，因此该问题已变得愈发难以解决。此外，历史证明，在宏观manbetx20客户端下载 处于危机之时，实现贸易自由化几乎是不可能的。