World Trade Organisation

UNCTAD calls for a new multilateralism and a global green new deal

April 16, 2019: A New report from UNCTAD critiques the failings of the existing multilateral order to establish a stable global economy that facilitates prosperity for all. Against the backdrop of persistent global poverty, rising inequality, the imminent climate crisis, and a global economy that remains inherently unstable 10 years after the 2008 financial crisis, the report calls for a new approach to multilateralism that is genuinely democratic and works towards the realisation of “shared prosperity and a healthy planet”.

Parliamentary Committee says Australia should join the WTO Procurement Agreement

April 1, 2019: The Joint Standing Committee on Treaties has produced Report 185 recommending that Australia accede to the revised WTO Procurement Agreement (GPA). There is no implementing legislation because the only required legislation for accession was the Government Procurement (Judicial Review) Act which was passed in October 2018 with other implementing legislation for the TPP 11.

Indian draft National e-Commerce Policy breaks new ground

February 27, 2019: Rich countries including Australia decided at the recent World Economic Forum meeting at Davos to push for an E-Commerce Agreement in the World Trade Organisation. Their formula is for ‘free digital trade’, for rules that suit global digital corporations – notably Google, Amazon, Microsoft and Apple. This push has been strongly criticised by consumer and civil society groups.

Eminent economists warn against new e-commerce initiative for WTO

February 13, 2019: Chakravarthi Raghavan, an esteemed author of several books on the WTO, and Jomo Kwame Sundaram, former United Nations Assistant Secretary General for Economic Development, have issued a sharp warning to developing countries about the e-commerce initiative recently launched at Davos by a group of rich country governments, including Australia.

US-China trade war threatens a new cold war

February 5, 2019: Chinese and US trade negotiators meet in Washington again next week to try to reach an agreement to avoid a massively escalated tariff war from March 1. Without a deal, US punitive tariffs on US$200 billion of Chinese imports will go up from 10 per cent to 25 per cent, and China is likely to respond in kind. The US is blocking appointments to the World Trade Organisation appeals body, and threatening to leave the 164-member WTO.

Civil Society groups oppose rich countries' plan for exclusive e-commerce deal for global tech companies at Davos

January 29, 2019: The elite business and government World Economic Forum meeting last week was a perfect setting for Australia and 70 other mostly industrialised country governments to announce exclusive plans for an e-commerce trade deal that was rejected after fierce debate by the majority of the 164 WTO members who met in Argentina in December.

Pages