This edition of the Monitor is loosely themed around trade policy in support of the breakthrough in World Trade Organisation (WTO)negotiations on negotiations. Whilst some have hailed this as an historic breakthrough partly because for the first time all member states have agreed to the (eventual) abolition of all forms of agricultural subsidies not all trade watchers are as optimistic. The Institute for Agriculture and Trade Policy, for example, has argued that the success was achieved only because the bar was set exceedingly low.