underfire wto meets in buenos aires
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Under-fire WTO meets in Buenos Aires

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Under-fire WTO meets in Buenos Aires

World Trade Organization (WTO) Director General Roberto Azevedo
Buenos Aires - AFP

Under fire from the United States, wracked by disagreements over China and unable to kickstart stalled trade talks, the World Trade Organization meets under a cloud in Argentina from Sunday.

The Buenos Aires meeting will be the first in the era of US President Donald Trump, who has pummeled the 164-member body relentlessly since taking office, even describing it as a "disaster."

The Trump administration had made the WTO a preferred target of its "America First" policy, threatening to pull America out of the trade organization it says is hampering its ability to compete.

Expectations of any kind of a breakthrough at the Buenos Aires meeting are low.

"There are several subjects on the table. On any of them, we may have some convergences on certain topics, or not, I don't know," was the underwhelming assessment of WTO Director General Roberto Azevedo at a briefing at the end of November.

Argentina's Susana Malcorra, who will preside over December 10-13 meeting, was more upbeat recently, saying a deal was likely to end harmful fisheries subsidies, keenly of interest to developing countries.

She was also positives about the prospects of a EU-Mercosur (Argentina, Brazil, Uruguay and Paraguay) trade deal finally coming to fruition 18 years after talks first began.

"In a context where global trade has been called into question, it is fundamental that two such considerable markets announce they are ready" to seal a deal, she told AFP.

 

- US blamed for holdups -

 

EU Trade Commissioner Cecilia Malmstrom hinted on Tuesday that talks between the two sides could continue into 2018, the key stumbling blocks being beef and the ethanol trade.

Washington has been blamed for blocking appointments of judges to the WTO's dispute settlement system, saying it was ineffective and insisting on a more aggressive approach to defending its interests.

The dispute body arbitrates international rows over subsidies or tariffs, among other things playing an important role in the standoff between US and European plane-makers Boeing and Airbus.

"The appellate body will be down to four members from its regular seven-member contingent from the middle of next month," lamented a Geneva trade official.

WTO critics say it has failed to shunt forward the so-called Doha round of trade talks, despite 15 years of effort, and point to the body's apparent powerlessness in dealing with problems posed by China, which joined the WTO in 2001.

Beijing wants to be seen by the WTO as a "market economy" but the Europeans and the United States -- for once on the same wavelength on trade issues -- oppose any such recognition, a distinction which would entitle it to preferential economic treatment under WTO rules.

It is currently classed as a non-market economy, which allows the US and others to use a special recourse to levy anti-dumping duties against it if they decide that it is selling its goods -- chiefly steel and aluminum -- at unfairly low prices in other countries.

A European diplomat in Buenos Aires said protectionist US rhetoric may have motivational effects on negotiations between the EU and Mercosur.

As if to prove him right, the EU and Japan announced Friday that they have finalized a major trade agreement

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

underfire wto meets in buenos aires underfire wto meets in buenos aires

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

underfire wto meets in buenos aires underfire wto meets in buenos aires

 



GMT 13:53 2012 Monday ,16 January

Will Saleh’s men compromise his exit strategy?

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 09:09 2014 Friday ,25 July

Male circumcision lowers HIV risk

GMT 09:46 2017 Saturday ,29 April

Mohammed bin Rashid Launches UAE Soft Power Council

GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 02:13 2017 Wednesday ,22 February

Russian helicopter crash kills 19 in Siberia

GMT 11:12 2017 Tuesday ,29 August

Actor Dareed Laham is ready to return to cinema

GMT 12:59 2015 Tuesday ,31 March

Porsche announces special edition Panamera

GMT 08:39 2017 Wednesday ,14 June

UAE a cornerstone for countering consequences

GMT 22:49 2017 Tuesday ,03 October

Hamdan bin Mohammed opens Arab Youth Projects Market

GMT 09:56 2017 Monday ,28 August

Vatican expresses solidarity with Muslim minority

GMT 11:18 2017 Tuesday ,26 September

Menna participates in Part II of “Devil’s Joys”

GMT 05:42 2017 Monday ,09 October

Bahraini-Jordanian relations lauded

GMT 09:18 2017 Sunday ,05 November

A fashionable festive season awaits

GMT 23:44 2016 Tuesday ,20 December

UAE students demonstrate innovative projects

GMT 12:41 2015 Friday ,27 February

Lesbian kiss on Korean drama sparks debate

GMT 14:25 2017 Saturday ,06 May

DEWA grants wishes for non-supervisory staff

GMT 01:52 2017 Tuesday ,11 July

HM King issues royal orders

GMT 06:14 2013 Friday ,16 August

Iran faces 6 sets of sanctions

GMT 23:43 2017 Sunday ,09 July

Electronics ban on RJ flights to the U.S lifted

GMT 04:33 2013 Saturday ,06 April

How to accept an apology?

GMT 16:56 2011 Wednesday ,27 April

Doctors turned \'blind eye\' to Guantanamo torture

GMT 09:35 2014 Thursday ,01 May

The Greenland Breach
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice