bilateralism & multilateralism
The collapse of the World Trade Organisation talks has prompted forecasts of a proliferation of bi-lateral free trade deals, such as that signed by Australia and Chile today. Australian Trade Minister Simon Crean said the FTA is a "high-quality agreement where commitments go beyond" what each country had committed at the WTO.
New Zealand business organisations urged their government on Wednesday to negotiate more bilateral and regional free trade pacts following the collapse of the World Trade Organisation talks in Geneva.
The federal government says it will aggressively go after bilateral trade deals with other countries after the collapse of nine days of talks on a comprehensive global trade agreement.
The ongoing Doha round of World Trade Organisation talks is seen to be undermining regional integration and economic development efforts by African countries, analysts have noted.
The special safeguard mechanism currently being proposed for agriculture at the WTO mini-ministerial requires large increases in imports before it can be used, does not allow tariffs to be raised sufficiently and cannot be used to protect developing country farmers from import surges due to free trade agreements.
Jamaica enacted legislation for the protection of GIs through the Protection of Geographical Indications Act of 2004. However, protection under the law strictly complies with the standards laid out in the TRIPS Agreement and does not contemplate the "TRIPS plus" and "TRIPS extra" elements incorporated in the EPA.
The 21-member countries of Asia Pacific Economic Cooperation (APEC), seen to be playing a crucial role in pushing for the conclusion of the stalled Doha Development Round of the WTO, are moving ahead with its agenda of improving market access and substantial reductions in market-distorting measures in agricultural trade in light of the soaring food prices.
The EU is demanding far-reaching trade concessions by developing countries which will help to increase their vulnerability. To merely include some paragraphs that all parties will respect and promote human and worker’s rights is just plain
China is now involved in 12 FTA negotiations with 29 countries and regions including the Asia-Pacific region, Latin America, EU, Africa and Oceania
There is a fundamental contradiction between the global market model and the intrinsically social nature of services
Right now through the European Union process there is a divide and rule strategy taking place, not only regionally but also within regions where some countries are signing bilateral trade and investment agreements and some aren’t.
The fear of having other countries steal a march on Washington by signing their own deals may bring Congress back to the bilateral trade negotiating table.
An analysis of how free trade and investment agreements affect migrant workers
A senior government official indicated Thursday that the Korean government would not ask the United States to renegotiate the beef import deal. Opposition parties and the majority of the people, however, want the renegotiation.
Director-General of the World Trade Organisation has said that the world trading body would not legislate on the current bilateral free trade negotiations between the Africa, Caribbean and Pacific countries and the European Commission.
Civil society groups have called for the establishment of a new Commission on Globalisation and Development Strategies within the United Nations Conference on Trade and Development (UNCTAD).
Compared with a multilateral organization like the WTO, FTAs are much more convenient for China in several aspects.
On April 7, China and New Zealand signed a free trade agreement (FTA) covering trade in goods and services as well as investment, making it the first FTA reached by China with a developed country.
So concerned is Brazil about the Caribbean EPA that it sent, on February 5, a communication to the World Trade Organisation requesting a debate. Its concern is that the arrangement agreed with the European Commission may cause nations like India, China and others to cease to negotiate with nations like the Caribbean.
Interview with the UN Conference on Trade & Development’s secretary-general, and former WTO chief, Supachai Panitchpakdi.