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| Australia Urges Global Rethink Of Doha Agenda |
by Mary Swire, Tax-News.com, Hong Kong
Thursday, November 17, 2011
After a decade of inconclusive talks, the Australian government has called for
a rethink on the Doha Round negotiations led by the World Trade Organization that
would join all WTO members in a binding commitment on further reductions of trade tariffs
and prohibitive trade regulations.
To reduce the propensity for dispute, the Australian government is advocating
that nations adopt a staggered approach to negotiations that would tackle each
sector individually rather than as one all-encompassing agreement, starting
with trade facilitation, which seeks to reduce regulation and customs bureaucracy.
“Keeping alive the Doha Round, and agreeing innovative ways to deliver
on issues such as trade facilitation, will help the world get through current
economic uncertainty,” said Trade Minister Craig Emerson ahead of the
23rd Ministerial Meeting of the Asia Pacific Economic Cooperation (APEC) forum.
“Prime Minister Gillard and I have been advocating this fresh approach
in the lead-up to the World Trade Organization’s Ministerial Meeting next
month in Geneva,” he added.
Australia believes that the ongoing failure to reach common ground on such
issues as market access and developing nations' terms means that the deal currently
on the table is effectively dead and that the only way to revive it is by abandoning
the 'all or nothing' principle underpinning the agreement.
The Doha Round aims to cut trade-distorting agriculture subsidies, phase out
tariffs on industrial goods, open trade in services, facilitate customs operations,
adjust anti-dumping rules, and offer duty-free and quota-free access to the
exports of the world’s poorest countries among many other goals. The talks
reached a deadlock in 2008, however.
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