31/01/2011
2011 To 'Make Or Break Doha Deal'
Prime Minister David Cameron has welcomed the interim findings of an expert group set up to consider the actions needed to combat protectionism and to boost global trade.
The report 'The Doha Round: Setting a deadline, defining a deal', just published, argues that for the Doha agreement to be a success the negotiations need to be concluded by the end of 2011.
The document makes the case for action to be taken now, arguing that substantive agreements need to be concluded by the summer to achieve the 2011 deadline. The experts’ report sets out four arguments for completing the Doha Round which it believes will benefit all countries:
“And yet too many people still seem to believe that trade is some sort of zero sum game. They talk about it quite literally as if one country’s success is another country’s failure. That if one country’s exports grow then someone else’s will shrink. That somehow if say we import low cost goods from China, that’s a sign of our failure. As if all the benefits of China’s exports go to China alone. When actually we benefit too from choice, competition, low prices in our shops.
“Fighting protectionism is a vital part of security, growth and prosperity for us all."
On 2011 as the make or break year for Doha the Prime Minister said: "We’ve been at this Doha round for far too long. It’s frankly ridiculous that it has taken ten years to do this deal. We simply cannot spend another ten years going round in circles.
“If we don't get the deal done this year it is hard to see how the Doha process can have any further credibility. If we enter 2012 still stuck on this, real leadership will mean a radical rethink of how we get this done.
“So I want to be the first leader to support your call for urgent action now to agree the key elements of the Doha deal this year. And I call on every world leader to join me. We’ve got one last chance to get this right. 2011 is the make or break year. So let’s agree that this is the year we will make the break-through. No-one should hold anything back for later. There is no later. And I believe this report can be the foundation for success."
(BMcN)
The report 'The Doha Round: Setting a deadline, defining a deal', just published, argues that for the Doha agreement to be a success the negotiations need to be concluded by the end of 2011.
The document makes the case for action to be taken now, arguing that substantive agreements need to be concluded by the summer to achieve the 2011 deadline. The experts’ report sets out four arguments for completing the Doha Round which it believes will benefit all countries:
- An agreement would provide an insurance policy against future protectionism by consolidating the large amount of unilateral liberalisation that has occurred since the Uruguay Round in the 1990s
- An agreement would result in reforms of farm trade by binding subsidy levels in the developed world and eliminating export subsidies
- An agreement would present the most ambitious package of trade liberalisation and trade facilitation ever negotiated multilaterally, bring economic benefits of at least $360 billion
- The failure to reach an agreement would undermine the credibility of the World Trade Organisation and that of multilateralism more generally as a mechanism to address trade
“And yet too many people still seem to believe that trade is some sort of zero sum game. They talk about it quite literally as if one country’s success is another country’s failure. That if one country’s exports grow then someone else’s will shrink. That somehow if say we import low cost goods from China, that’s a sign of our failure. As if all the benefits of China’s exports go to China alone. When actually we benefit too from choice, competition, low prices in our shops.
“Fighting protectionism is a vital part of security, growth and prosperity for us all."
On 2011 as the make or break year for Doha the Prime Minister said: "We’ve been at this Doha round for far too long. It’s frankly ridiculous that it has taken ten years to do this deal. We simply cannot spend another ten years going round in circles.
“If we don't get the deal done this year it is hard to see how the Doha process can have any further credibility. If we enter 2012 still stuck on this, real leadership will mean a radical rethink of how we get this done.
“So I want to be the first leader to support your call for urgent action now to agree the key elements of the Doha deal this year. And I call on every world leader to join me. We’ve got one last chance to get this right. 2011 is the make or break year. So let’s agree that this is the year we will make the break-through. No-one should hold anything back for later. There is no later. And I believe this report can be the foundation for success."
(BMcN)
Related UK National News Stories
Click here for the latest headlines.
15 September 2003
WTO chief 'disappointed' at Cancun talks deadlock
The head of the World Trade Organization (WTO) has pledged to put negotiations for freer trade back on track after a deadlock crippled a major ministerial conference that ended yesterday, saying he was "disappointed but not downhearted".
WTO chief 'disappointed' at Cancun talks deadlock
The head of the World Trade Organization (WTO) has pledged to put negotiations for freer trade back on track after a deadlock crippled a major ministerial conference that ended yesterday, saying he was "disappointed but not downhearted".
10 September 2003
Fair trade tops agenda in Cancun
At the first day of the World Trade Organisation talks in Cancun, staunch economic rivals Europe and America will be aligned against many of the world’s poorer nations.
Fair trade tops agenda in Cancun
At the first day of the World Trade Organisation talks in Cancun, staunch economic rivals Europe and America will be aligned against many of the world’s poorer nations.
10 February 2011
Trade And Investment Plan Will Drive Growth
The Government has published its strategy for how trade and investment can drive the UK’s economic recovery. Rebalancing and rebuilding the economy will take time, but the Trade and Investment White Paper sets out a series of practical first steps. Particular emphasis is placed on supporting small and medium enterprises (SMEs) to expand and export.
Trade And Investment Plan Will Drive Growth
The Government has published its strategy for how trade and investment can drive the UK’s economic recovery. Rebalancing and rebuilding the economy will take time, but the Trade and Investment White Paper sets out a series of practical first steps. Particular emphasis is placed on supporting small and medium enterprises (SMEs) to expand and export.
16 September 2015
Unite Put Govt 'On Notice' Over Trade Union Bill
The UK's largest union has put the government "on notice", that it would defy the Trade Union Bill "using any means necessary to defend the democratic rights and freedoms of all trade unionists and the working people of our nation".
Unite Put Govt 'On Notice' Over Trade Union Bill
The UK's largest union has put the government "on notice", that it would defy the Trade Union Bill "using any means necessary to defend the democratic rights and freedoms of all trade unionists and the working people of our nation".
27 March 2013
UK Economy Continues To Shrink
The economy continues to shrink, with UK GDP having decreased by 0.3% in the final quarter of 2012, according to a new report published by the Office for National Statistics (ONS). The report says the main contributors to the decrease were gross fixed capital formation, which fell by 0.
UK Economy Continues To Shrink
The economy continues to shrink, with UK GDP having decreased by 0.3% in the final quarter of 2012, according to a new report published by the Office for National Statistics (ONS). The report says the main contributors to the decrease were gross fixed capital formation, which fell by 0.