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

 

APEC Leaders Urged to Revive Doha Round

MEDIA RELEASE

8 November 2006


APEC Leaders Urged to Revive Doha Round

As part of the Global Services Coalition, the Wellington Regional Chamber of Commerce has written to all APEC Leaders urging them to make a decisive push to put the stalled Doha Round back into motion.

The letter was timed to coincide with the upcoming 2006 APEC Leaders Meeting in Hanoi. [http://www.wrcc.co.nz/content/files/Global_Services_Coalition_Letter_to_APEC.pdf]

“While Doha has foundered primarily on agriculture issues, it is actually in services where WTO members – inside or outside of APEC – have the most to gain from these negotiations”, said Chamber CEO, Charles Finny.

“Over the last few decades, services have become a dominant sector of the global economy, and now represent some 50% to 60% of economic activity in most developing countries and over 70% in some industrialized nations.

“Despite these figures, the international trade in services represents only 20% of global trade. The Doha Round represents the best opportunity for the services sector to reach its full potential by gaining market access provisions at the multilateral level. Both developed and developing countries stand to gain enormously from this.

“In New Zealand’s case services represent around 28% of total exports. The Wellington region’s economy is one of the most dependent on the service activities of any region in New Zealand. 90% of our regional GDP is generated by services activity.

“Given the importance of multilateral trade and investment liberalization to economic growth and prosperity, WTO members must break the deadlock on the Doha Round. This will require all parties to come back to the table with improved offers and demonstrate greater flexibility,” Mr Finny concluded.


ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:


Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: