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

 


Silver lining to WTO talks impasse

Media statement Tuesday, July 25, 2006


Silver lining to WTO talks impasse


The collapse of the World Trade Organisation's free trade talks is not likely to mean the end of this Doha round of talks if history is anything to go by, the Employers & Manufacturers Association (Northern) says.

While the present impasse is sorted out, New Zealand's negotiation resources will become available for accelerating progress on our bilateral agreements, said Bruce Goldsworthy, EMA's Manager of Advocacy.

"The WTO achieved huge advances in freeing up world trade in previous rounds, and it remains the only place to resolve international trade disputes," Mr Goldsworthy said.

"It will remain the bulwark against nations back sliding towards insular and self defeating trade protectionism.

"But New Zealand has every reason to be disappointed by the stubborn protectionism of the EU and the US.

"Their refusal to cut trade distorting food production and other farm subsidies is the single largest cause of world poverty.

"The present impasse should not be read as the end of the world's multilateral free trade forum or the present negotiating round.

"The Uruguay round begun in 1986 faced a similar standoff in 1990 but reached completion in 1993.

"The impasse will likely encourage Japan to raise the profile of its proposals for developing an Asian free trade bloc, including New Zealand, and such a development may help speed the EU and the US to return to negotiations."

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news