underfire wto meets in buenos aires
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Under-fire WTO meets in Buenos Aires

Egypt Today, egypt today

Egypt Today, egypt today 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

egypttoday
egypttoday

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 10:04 2019 Monday ,19 August

Live a tense and noisy atmosphere

GMT 08:45 2017 Saturday ,15 April

Foreign Minister Receives WTO Delegation

GMT 17:56 2018 Sunday ,25 November

Amman stock market wraps up trading at JD2.6 million

GMT 08:14 2017 Saturday ,12 August

Belgium's giant omelette festival aims

GMT 13:42 2017 Sunday ,17 December

26 dead from landslides after Philippine storm

GMT 12:39 2015 Sunday ,18 October

Surgery made me feel connected to other women

GMT 12:56 2017 Thursday ,23 November

UAE Inaugurates Digital Archaeology Exhibition

GMT 18:56 2014 Tuesday ,15 April

Gambia bans flights from Ebola-hit nations

GMT 08:35 2018 Saturday ,20 January

Amazon's indigenous people 'never so threatened': pope

GMT 09:09 2017 Thursday ,21 September

Kagawa leads Dortmund 'fire engine' back

GMT 13:20 2017 Monday ,14 August

53 ships transit Suez Canal

GMT 11:05 2018 Sunday ,28 October

US builds up arsenals in Europe to deter Russia

GMT 12:50 2018 Wednesday ,19 September

Huawei sees over 100% growth in UAE smartphone sales

GMT 21:06 2017 Wednesday ,26 July

German army helicopter crashes in Mali

GMT 18:26 2017 Wednesday ,08 February

Shoukry due in Jordan to convey Sisi's message to monarch

GMT 04:15 2017 Monday ,08 May

Mercenaries killed in Jawf

GMT 12:31 2015 Sunday ,18 January

INU, the smart, high-end electric scooter

GMT 11:46 2017 Wednesday ,01 March

NBAD given green light to expand euro note programme

GMT 14:14 2016 Friday ,23 December

Russia loses sporting events as federations act
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today 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 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday