The document discusses the stalled Doha Round trade negotiations and makes the case for completing them. It notes that while global trade has increasingly liberalized unilaterally over the past decades, multilateral negotiations have stalled. This is due to developing countries now being large economies and demanding more flexibility. The document argues that completing Doha would reinforce the rules-based trading system, provide new market access worth hundreds of billions, and act as an insurance policy against future protectionism, especially through reform of agricultural subsidies. It maintains political will is needed to finalize an agreement.