WTO failure disappoints Business Forum

by | Jul 30, 2008 | Media Releases

Remove

The New Zealand International Business Forum today expressed its deep disappointment that the World Trade Organisation (WTO) meeting in Geneva had failed to agree on a way forward for the Doha negotiations.

“Failure in Geneva is bad news for everyone” said, NZIBF Executive Director Stephen Jacobi.  “Bad for New Zealand because the opportunity to reduce tariffs and export subsidies once again eludes us. Bad for the developing world because they need improved access to developed country markets to promote growth and address poverty.  And bad for the global economy that desperately needs the boost in confidence that conclusion of the Doha round would bring”.

The International Business Forum brings together New Zealand’s largest exporters and leading business organisations.  NZIBF regards the WTO as New Zealand’s top trade priority.

Mr Jacobi commended Trade Minister Phil Goff and New Zealand officials for the constructive role they played at the meeting.

“Phil Goff and his team have done all they could to secure a positive outcome. The New Zealand involvement in the green room discussions has been constructive. New Zealand WTO Ambassador Crawford Falconer can be credited for the significant advances made in the agriculture discussions. Considerable progress was made during the week but the final compromises could not be made by major players”.

Mr Jacobi said the outlook for the Doha round was uncertain but the negotiations had been revived from similar setbacks in the past.

“The outcome from Geneva is not as bad as from Cancun in 2003 but the failure is a severe blow and it will take some time, particularly given the forthcoming elections in the US, to recover”.

“For New Zealand this means continuing to devote resources to completing current bilateral negotiations, exploring new bilateral opportunities particularly with Korea, the United States and Japan and finding ways to promote freer trade in APEC, using the P4 agreement as a template”.

REGISTER WITH TRADE WORKS

Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

 

Remove

 

Latest News

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...

NZ BUSINESS LEADERS AT APEC 2022

New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...

WHAT’S IN A NAME?

The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific?   For thirty years or more New Zealand has sought to enhance...

NZ Herald: Turbulence in global trade

Amidst the political topsy turvy of recent weeks came the news that the Government has refreshed its Trade Recovery Strategy.  That’s good news because, for exporters and the global economy as a whole, it’s tough out there. The pandemic is by no means over, there...

Address to World Affairs Forum, 22 August 2022

ADDRESS TO THE WORLD AFFAIRS FORUM AUCKLAND, 22 AUGUST 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM TURBULENCE IN GLOBAL TRADE Thanks to Greg Thwaite for inviting me to speak to you this evening. It’s good to be back in the habit of meeting...

Trade and Climate Change: State of Play

TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here. Update: NZ-EU FTA The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and...