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.
我們仔細考慮一下歐巴馬對多邊貿易體制的支持。必須承認，多哈回合(Doha Round)貿易談判目前已被擱置，即使歐巴馬迫切希望推進談判，他也無從著手。談判中的一個主要問題在於，其能否完成，在極大程度上取決於美國是否進一步削減其扭曲的農業補貼。但由於大宗商品價格出現暴跌，補貼額也因之提高，因此該問題已變得愈發難以解決。此外，歷史證明，在宏觀經濟處於危機之時，實現貿易自由化幾乎是不可能的。
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