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


WTO Reminded of the Importance of Liberalisation


14 July 2006

WTO Reminded of the Importance of Liberalisation of Trade in Services

The New Zealand Chambers of Commerce and Industry have written to the Director-General of the WTO emphasising the importance of service negotiations to the outcome of the Doha Round. (Link to letter to Pascal Lamy.)

The Round is currently at a crucial stage with Director-General, Pascal Lamy holding a series of intensive consultations with member countries to facilitate an agreement on agricultural and non-market access.

“The Chambers’ view is that for the EU, US and Japan to agree to liberalisation of trade in difficult areas such as agriculture there will need to be some progress in areas where they seek changes, such as trade in services,” said Charles Finny, Chief Executive of the Wellington Chamber.

“Not only do services negotiations have the potential to break the current impasse, they are crucial in their own right. Both developed and developing countries stand to gain enormously from the liberalisation of international trade in services.

The letter also warned of the potentially disastrous consequences failure to complete the negotiations this year would have on the WTO, the international trading system, and the global economy.

“The on-going liberalisation of multilateral trade over the last fifty years has been responsible for unprecedented economic growth. Should the Doha Round fail, not only would the benefits of further liberalisation be foregone but the world economy would lose much of those gains with the likely emergence of protectionist forces.

“A proliferation of bilateral and regional trade agreements, which would be a likely consequence of a failed Round, is a poor alternative to multilateral trade liberalisation.

“The consequences of delaying the Round’s conclusion are also severe. It is essential the commitment to concluding a substantial agreement by the end of this year is retained. There is no case for delaying negotiations in the hope that countries will substantially alter their positions,” Mr Finny concluded.

The Chamber is also part of a global coalition of services which met with Mr Lamy earlier this week. The Global Services Coalition has called on WTO members to produce improved and commercially meaningful offers to liberalise services. (Link to Global Services Coalition media release.)


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>