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


Australia Requests WTO Panel on Korean Beef



22 June 1999

Australia Requests WTO Panel on Korean Beef Restrictions

Australia will request a World Trade Organisation dispute settlement panel to examine its complaint over import restrictions on Australian beef exports to the Republic of Korea, Deputy Prime Minister and Minister for Trade, Tim Fischer, announced today.

The decision was taken after WTO-mandated consultations were held in late May.

"We are disappointed that our consultations with Korea in the WTO did not resolve the dispute and have decided to proceed to the panel stage of WTO dispute settlement," Mr Fischer said.

"South Korea is Australia's third largest export market for beef worth on average $140 million per annum. over the past five years. Australia is also Korea's second largest supplier. Access into the Korean market is therefore of long-term importance to Australia."

"In the course of our experience in the Korean market, we have encountered certain impediments that have limited our ability to compete fairly in the market. This has included the limitations on companies entitled to import and the separation of imported and domestic beef distribution channels."

"Although Australia has raised these issues with Korea, our concerns have not been addressed. Australia is also keen to ensure that Australian exports do not continue to face impediments when Korea moves to a tariff only regime in January 200l," Mr Fischer said.

Mr Fischer welcomed the strong support of the Australian beef industry for the government's decision and the industrys commitment to working closely with the Government in preparing for the panel process.

Australia will be placing its request for a panel on the agenda of the next meeting of the WTO Dispute Settlement Body on 22 July. A panel has already been formed for a similar complaint by the United States and it is likely that the same panel could examine both complaints simultaneously.

© 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