Jul 07, 2008
Trade deal hinges on 'all blocs' feeling that they had gained some new market accessBack
Agriculture|Doha|Engineering|Geneva|Johannesburg|Africa|Industrial|International Herald Tribune|Reuters|Africa|Botswana|Brazil|India|Japan|Namibia|South Africa|United Kingdom|United States|Products|Environmental Protection Agency|European Commission|European Union|South African Department|South African Institute Of International Affairs|World Trade Organisation|Gareth Thomas|Pascal Lamy|Xavier Carim|International Herald Tribune|Sub-Saharan Africa
© Reuse this
Last week, WTO Director-General Pascal Lamy described July as "the moment of truth" for a long-sought global trade pact, with Reuters quoting him as warning that a failure would erode economic growth, sour diplomatic ties and hurt poor countries.
"The coming weeks represent the moment of truth for the Doha round," Lamy, a former EU trade commissioner, said in a memorandum to Ministers, published in the International Herald Tribune.
"A deal in agriculture and industrial goods would generate an unstoppable momentum and bring quick resolution to the round ... Agreement is within our reach but all of us will have to stretch a bit to get there," he added.
Earlier, South African Department of Trade and Industry (DTI) deputy director-general for international trade and economic development Xavier Carim told Engineering News that "we have a window of opportunity now and it needs to be taken – if we don’t take it, we won’t see any significant progress for the rest of the year".
“If we get the frameworks in place, and get the big numbers agreed by June or July, then a lot of the other work will just fall into place," Carim asserted.
It was now common cause, therefore, that the two key issues in Geneva would be progress on agriculture reform, as well as access to industrial markets – developing countries had fought hard to keep the latter from overwhelming the agenda.
But Thomas conceded that any flexibility shown by the Nama 11 should be balanced by the developmental agenda. "But, there will need to be some flexibility from the Nama 11. As to how much flexibility would be up for discussion," he said.
For its part, South Africa had consistently warned that great vigilance was required to safeguard the country's policy flexibility, particularly in the area of industrial products, particularly given the growing pressure on developing countries to make ‘onerous’ concessions.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Trade News
Article contains comments
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
The multibillion-rand development of the Zendai Modderfontein New City, east of Johannesburg, will aim to exemplify an integrated city node, says property group Zendai South Africa COO Wenhui Du. The development will focus on the Modderfontein Gautrain station to be...
The South African Civil Aviation Authority (CAA) hopes to have finalised regulations for the flying of Unmanned Air Vehicles (UAVs) – also designated Remotely Piloted Air Systems (RPAS) and popularly called drones – in the country’s civilian airspace by the end...
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
Capturing and storing carbon dioxide (CO2) is the only way through which the world will achieve the lowest of the United Nations Framework Convention on Climate Change’s (UNFCCC) global warming predictions, called the representative concentration pathway (RCP) 2.6....
The City of Johannesburg has recovered R107-million following the arrest of 22 people allegedly involved in corruption, collusion, fraud and tampering with the city’s electricity systems, which had ultimately cost the city R200-million in lost revenue.