2 Updates

Ministers begin 'now or never' talks on trade deal (Roundup)

Dec 3 2013, 8:42am CST | by IANS

Nusa Dua (Indonesia), Dec 3 (IANS) Trade ministers from around the world Tuesday opened talks to finalise a package of agreements covering agriculture, development and trade facilitation in a bid to pave the way for future completion of the Doha Round.

Nusa Dua (Indonesia), Dec 3 — Trade ministers from around the world Tuesday opened talks to finalise a package of agreements covering agriculture, development and trade facilitation in a bid to pave...

Filed under: news

YouTube Videos

 
 
 

33 weeks ago

Ministers begin 'now or never' talks on trade deal (Roundup)

Dec 3 2013, 8:42am CST | by IANS

Nusa Dua (Indonesia), Dec 3 (IANS) Trade ministers from around the world Tuesday opened talks to finalise a package of agreements covering agriculture, development and trade facilitation in a bid to pave the way for future completion of the Doha Round.

Nusa Dua (Indonesia), Dec 3 — Trade ministers from around the world Tuesday opened talks to finalise a package of agreements covering agriculture, development and trade facilitation in a bid to pave the way for future completion of the Doha Round.

"Failure is not an option," host Indonesia's President Susilo Bambang Yudhoyono told delegates as he opened the World Trade Organisation (WTO) ministerial summit on the resort island of Bali.

"I fear that should we let this opportunity slip, it is developing countries that will lose out the most."

The talks were aimed at breaking the impasses over global trade liberalisation. They would either produce a deal that could boost the global economy by $1 trillion or spell the end of the WTO's relevance as a forum for negotiations.

WTO Director General Roberto Azevedo asked trade chiefs of 159 member-nations to reach a modest agreement on key trade issues, saying "It is now or never".

"We cannot put this off for another day," he told ministers shortly after the four-day meeting opened.

Delegates at the talks working toward achieving the so-called Bali Package face their toughest test in the deliberation of proposal by the G33 grouping that the WTO revise its agriculture agreement to effectively allow developing countries to exceed their subsidy output of 10 percent of national output.

Since a revision on the agreement would take years, the G33 has called for an interim solution, also known as the peace clause, to allow it to exceed the threshold without being challenged at the WTO.

The most vocal proponent of this is India, whose food subsidy programme would breach the threshold after its roll-out. Commerce and Industry Minister Anand Sharma said the programme is "sacrosanct and non-negotiable".

Sharma said ensuring a positive outcome from the ministerial meeting was the "collective responsibility" of all members of the multilateral organisation.

Sharma said ensuring food security for large populations was a common concern shared by developing countries as WTO rules in the area of agricultural support had become dated and did not take into account rising prices.

The WTO launched the "Doha Round" of talks in Qatar in 2001, seeking to overhaul the world trading system by setting a global framework of rules and pulling down barriers.

But protectionist disputes between rich and poor countries -- as well as the WTO's insistence that any accord be unanimous -- has made a deal elusive.

"Here in Bali, we have an opportunity to work together to achieve what we missed in Geneva. We have an opportunity to demonstrate to the world that we are ready to reinvigorate global trade. And we also have an opportunity to lay the path to make global trade easier, more fair and more inclusive for all," Yudhoyono said.

"By doing so, we will contribute to the efforts in strengthening the credibility and confidence of our multilateral trading system," he said.

Earlier, hundreds of activists from over 50 countries marched through the streets chanting slogans against the WTO, which they said is not benefiting members and even worsening global trade. They condemned attempts by developed countries to prevent developing ones to feed their populations.

IANS

Source: IANS

 
Update
2

2 weeks ago

The Post-American Multiplex World

Jul 14 2014 9:48am CDT | Source: Politics - The Huffington Post

This piece appears also in YaleGlobal WASHINGTON -- The unipolar moment in international relations is over. The new world order will be neither bipolar -- the United States and China -- nor multipolar, but a multiplex. A multiplex world is like a multiplex cinema. American political scientist Joseph Nye describes the current international system as a three-dimensional chessboard. The top layer is military power which is still unipolar. The ...
Source: Politics - The Huffington Post   Full article at: Politics - The Huffington Post
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Israel must ready for 'prolonged' Gaza campaign
Jerusalem, July 29 (IANS) Israel's top political and defence leadership Monday night defied international calls for a ceasefire in the Gaza Strip, determining to continue the massive offensive there until risk posed by Gaza militant groups is "neutralised".
 
 
Britain to join NATO military exercise
London, July 29 (IANS) Britain will send a battle group to take part in a major military training in October as part of a NATO package to reassure its allies in eastern Europe, the British defence ministry said Monday.
 
 
UN call neglects Israel's security needs: Netanyahu
Jerusalem, July 29 (IANS) Israeli Prime Minister Benjamin Netanyahu Monday criticised the UN Security Council's call for ceasefire in the Gaza Strip, saying it strengthens Hamas and neglects Israel's security needs.
 
 
Three dead, 16 injured in Nigerian suicide attacks
Abuja, July 29 (IANS) At least three people were killed and 16 others injured in two suicide bombings Monday in northern Nigeria's Kano state, officials said.
 
 
 

Latest from the Network

Kutcher-Kunis to wed in July next year?
Los Angeles, July 29 (IANS) Actors Ashton Kutcher and Mila Kunis, who are getting ready to welcome their daughter, have begun to plan for their wedding. "The wedding will be next July. They want to focus on their...
Read more on Celebrity Balla
 
Lady Gaga portraits auctioned
New York, July 29 (IANS) Pop star Lady Gaga's "video portraits" raised over $1 million at an auction at Watermill Center here. Director Robert Wilson put on display "23 Video Portraits of Lady Gaga" series at his...
Read more on Celebrity Balla
 
Kim Kardashian followed by 'crazy driver'
Kim Kardashian claims a ''crazy driver'' followed her around Los Angeles today (07.28.14). The 'Keeping Up with the Kardashians' star hit back at rumors she was pulled over by police officers in Calabasas, California,...
Read more on Celebrity Balla
 
Elizabeth Banks is 'very genetically blessed'
Elizabeth Banks says she is ''very genetically blessed.'' The 'Hunger Games' actress, who has sons Felix, three, and Magnus, 20 months, with husband Max Handleman, insists she only recently realized she is attractive,...
Read more on Celebrity Balla
 
Courteney Cox receives engagement gifts
Johnny McDaid and Courteney Cox received several engagement presents in his native Northern Ireland. The newly-engaged couple were given complimentary souvenirs by excited fans in the city of Derry while exploring the...
Read more on Celebrity Balla
 
Ashton Kutcher and Mila Kunis to wed next July
Ashton Kutcher and Mila Kunis are planning to get married next July. The couple, who got engaged earlier this year and are expecting their first child, have reportedly set a date for their wedding next summer, as they...
Read more on Celebrity Balla
 
India at the 2014 Commonwealth Games Tuesday
Glasgow, July 29 (IANS) The following is the list of Indians who will be seen in action in the 2014 Commonwealth Games Tuesday. Schedule Badminton (Emirates Arena) Men's singles (Round of 64): R.M.V.Gurusaidutt vs...
Read more on Sport Balla
 
Indian medal winners at 2014 Commonwealth Games
Glasgow, July 29 (IANS) The following is the list of Indian medal winners at the 20th Commonwealth Games: Gold Sanjita Khumukchan: women's 48 kg weightlifting Sukhen Dey: men's 56 kg weightlifting Abhinav Bindra: men'...
Read more on Sport Balla
 
Hi-tech machine spews beer for fans mimicking Scot talk (CWG Diary)
Glasgow, July 29 (IANS) Fancy a free beer? Get talking in Scottish! A hi-tech water cooler that talks to visitors and dispenses beer is doing the rounds of the city assessing one's accent and rewarding the best with a...
Read more on Sport Balla
 
Ed Sheeran can't keep a secret
Los Angeles, July 29 (IANS) Singer Ed Sheeran is not good at keeping secrets and this habit of his annoys his celebrity friends. The 23-year-old is incredibly open about his life, and though he hasn't shared anything...
Read more on Celebrity Balla