The people of the least developed countries (LDCs) are told many a time that free trade creates opportunity for all, speeds up growth and unchains the shackles of poverty and despair. They are also told that the Doha round of trade negotiations will, for sure, deliver on the promise. The practices in the international trading system are far away from the rhetoric as rich governments tilt the playing field against the poor. This paper makes a modest attempt to provide an update on the current practices relating to some issues of the “July Package” as the mainstream sources of information mask than reveal the reality. It also attempts to state elements of certain agenda that may form part of the negotiating agenda of the governments of LDCs.