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


4 Of 10 WTO Negotiations Principles Not Relevant

Fourth of Ten Guiding Principles for WTO Services Negotiations No Longer Relevant

Press release from Wellington Regional Chamber of Commerce
23 March 2006 -

Wellington Regional Chamber of Commerce CEO Charles Finny today agreed with questions being asked by CTU President Ross Wilson about the continuing application of ten guiding principles adopted by the New Zealand Government in 2003 during the preparation of New Zealand’s Initial Services Offer for the WTO Doha Round.

“Much has happened since 2003, and with negotiations moving fast and past the initial offer stage, the Chamber questions the relevance of the fourth of these principles”, Charles Finny commented.

“The fourth of these principles stated that “the Government does not intend to make any initial offers to change actual current policy settings..”. This was fine for the initial stages of the negotiation, but inappropriate for the current stage, when actual liberalisation is in prospect. If every WTO member adopted New Zealand’s 2003 position, there would be no liberalisation flowing from these negotiations on services. No liberalisation of services would be a disappointing outcome for New Zealand service exporters – exporters responsible for 30% of New Zealand’s total exports, and companies that are responsible for close to 70% of New Zealand’s GDP. Clearly, however, New Zealand would not be wanting to liberalise any policies, unless we were getting something pretty fantastic in return.”

“Major players such as the EU have also made it clear that without a good outcome on services and non-agricultural market access, a good outcome on agriculture will not be possible. Achieving a good outcome on agriculture must remain a key interest for New Zealand. We don’t want an overly conservative approach on services to stand in the way of a good outcome across the board” Charles Finny continued.

“I was a little surprised at Ross Wilson’s recently expressed concern at my recent comments on India’s WTO position on US website TCS Daily (”, Charles Finny continued. “I do believe that India’s active involvement in the WTO services negotiations is a very positive development. It is positive for the overall WTO Round. However, I have never endorsed the detail of any aspect of the negotiating position being adopted by India in these negotiations. While I think that it is time to dump New Zealand’s guiding principle four, I remain fully supportive of the other nine. Organised labour can rest easy,” Charles Finny concluded.


© 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>>


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>>


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>>


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>>


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>>


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>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news