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

 

Trade Network Delighted By WTO Outcome

Trade Network Delighted – And Relieved – By WTO Outcome

“A great result – and a great relief”.

This was the reaction of Trade Liberalisation Network Executive Director Stephen Jacobi to the decision of the World Trade Organisation to launch a new round of trade negotiations in Doha, Qatar.

“This is a great result for business and for the WTO but above all for people around the world who can look forward to new opportunities arising from today’s decision”. Mr Jacobi has been in Doha acting as business adviser to the New Zealand delegation.

Mr Jacobi said the negotiation of the “Doha development agenda” in Doha had been a delicate and knife-edge exercise. “Delegates knew that the launch was ours to lose. The WTO operates by consensus so all countries had to agree with the final outcome. This is not a club for the rich. Over a hundred developing countries had to have their needs met. Things went right to the wire and the decision to launch came as a great relief”.

New Zealand business could be satisfied that the new round would include negotiations, over the next three years, to reduce import duties and other barriers in manufacturing, agriculture, fisheries, forestry and services, to phase out export subsidies for agriculture, to reform subsidies for fishing, and to improve anti-dumping and other trade rules. WTO members have also agreed to undertake further analysis of investment and competition policy as a first step towards negotiations in these areas in two years time.

Mr Jacobi said that the WTO had agreed to address environmental and developing country issues, including access to medicines. “The outcome in these areas shows that the WTO can be responsive to public opinion while doing all it can to resist new or disguised trade barriers”.

New Zealand negotiators had played a key role in Doha helping to broker deals in several key areas. “The New Zealand team under Jim Sutton deserve to be congratulated for their excellent work”, concluded Mr Jacobi.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>