Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


UNSG: Broad access to world markets stressed

Need for broad access to world markets stressed on eve of UN trade conference.

11 February --- On the eve of the tenth meeting of the United Nations Conference on Trade and Development, known as UNCTAD X, the president of the forum said today in Thailand that it was time make a "serious effort" to include civil society and to address the needs of the world's poorest countries.

Deputy Prime Minister of Thailand and UNCTAD X President-Designate, Dr. Supachai Panitchpakdi, was speaking at a joint press conference with UNCTAD Secretary-General Rubens Ricupero. Dr. Supachai recalled that the 1997 ministerial conference of the World Trade Organization in Singapore had pledged to make the needs of the least developed countries a priority, but that the results had been limited since then to only a few high-level meetings.

"It is time to make that mandate operational," Dr. Supachai said, adding that he hoped the Bangkok meeting would generate enough support to obtain agreement on across-the-board access by poor countries to world markets free of tariffs or trade quotas.

The Deputy Prime Minister met earlier in the week with representatives of more than 100 non-governmental organizations (NGOs). He was accompanied by Mr. Ricupero, who told the NGOs that UNCTAD has traditionally worked closely with them, and that "more regular and more frequent" consultations would be held in the future.

At the press conference in Bangkok, both Dr. Supachai and Mr. Ricupero agreed that a resumption of global round of trade talks -- which had been deadlocked at the WTO ministerial meeting in Seattle last December -- would also depend on taking into account the views of poor and developing countries. Dr. Supachai, who will become the head of WTO as of 2002, said current WTO chief Mike Moore had been trying to make the full integration of developing countries a necessary condition for a global round.

For his part, Mr. Ricupero said the benefits of globalization had not reached far enough.

"What we need among developing world countries is not eight or nine 'success stories,' but 130 or 140 such successes," he said. {see feature}

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news