Road accident deaths drop by 50% in Saudi Arabia    SR 3.95 million fines for 3 employees of a company and 6-month jail for one for violating Capital Market Law    Qassim emir launches 52 health projects costing a total of SR456 million    BD and INS partner to elevate standards of infusion care in MENAT    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    Italy's 'Libra' to arrive in Albania with just eight migrants on board    South Africa shuts border crossing with Mozambique over poll unrest    French families sue TikTok over harmful content that allegedly led to suicides    Harris tells supporters 'never give up' and urges peaceful transfer of power    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



WTO urges G20 to keep up anti-protectionism pledge
Published in The Saudi Gazette on 26 - 02 - 2009

Leaders from the G20 developed and emerging countries should not backtrack on their agreement last year to fight protectionism when they meet in London in April, the head of the World Trade Organization said on Wednesday.
Despite the G20's decision in November to refrain from raising new trade barriers, there have been several moves suggesting creeping protectionism is underway.
Those include the “Buy American” provisions in the US stimulus package, export subsidies for dairy produce resumed by the European Union, and a French package for ailing carmakers. “Their commitments last November to reject protectionism and push for the Doha round conclusion were useful.
We will need at least as much this time,” WTO Director-General Pascal Lamy told a news conference in Tokyo.
The London summit on April 2 follows on from a November meeting in Washington where Group of 20 leaders vowed to act to help their economies, conclude stalled trade talks, reform international financial institutions and clean up the financial system.
“We know too that the credibility of G20 on trade cannot be separated from decisions they must take in other areas of their agenda, including coordination of stimulus packages and the foundation of a proper regulation of international finance to try and avoid future meltdowns,” Lamy said.
Negotiations for a new world trade agreement have foundered partly due to an impasse on agriculture.
Developing nations want the industrial world to cut farm supports.
The United States says developing nations must remove barriers to farm imports.
On Tuesday, US President Barack Obama called for an end to “direct payments to large agribusinesses that don't need them”.
Although he was not commenting on Obama's latest speech to Congress, Lamy said he was waiting for his administration to appoint a new trade negotiation team to find out exactly what Washington will seek via future trade negotiations.
Lamy also noted the discipline induced by WTO rules has, for example, helped soften the US “Buy American” provision, which gave the European Union, Japan and a short list of other trading partners some comfort they could share in the expanded US public works market created by the stimulus bill.
The final version of the “Buy American” measure requires public works and building projects funded by the stimulus package to use only US-made goods, including iron and steel. But it also mandates it be done in a manner consistent with US trade pacts.
A report last month by Lamy found “limited evidence” of trade measures such as tariff increases since the financial crisis exploded in September.
Lamy, in Tokyo to meet Japanese government officials, said the Geneva-based organization is currently gathering information for an updated report to be released in March.
On the possibility and timing of holding the ministerial meeting for the WTO's long-running Doha round, Lamy said he hoped to bring negotiations back to the political level as soon as possible.
“We have done 80 percent of the job, which means 20 percent still needs to be done.
As usual, moving this 20 percent is complex,” he said, adding that a political push was needed so ministers can negotiate over some trade


Clic here to read the story from its source.