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Piece by Piece by Piece
Agreement reached on incremental advances in WTO negotiations
WASHINGTON, DC – 12/18/05 – Trade negotiators meeting in Hong Kong have agreed to incrementally advance the World Trade Organization’s battered trade agenda, but leave the most politically-charged decisions for next year; Washington is ''cautiously optimistic'' about the final draft of the plan that would also set a deadline for the total elimination of agricultural export subsidies of 2013 – a date acceptable to the European Union (EU), which accounts for about 90% of such subsidy payouts.
WTO Talks in Trouble, Says EU Trade Commissioner
HONG KONG – 12/16/05 – Trade negotiators representing the 149 member nations of the World Trade Organizations continue attempts to hash-out a draft agreement in what may well be their last chance to reach acceptable compromises on a slew of thorny issues before the end of the WTO ministerial on Sunday; more than 10,000 protesters have clogged the streets of Hong Kong sporting shaved heads and masks, throwing eggs, spray painting graffiti on the US Consulate General, and scuffling with police.
Russia, China Targeted for IP Piracy Action
WASHINGTON, DC – 12/16/05 – The US is leaning toward slapping Russia and China with punitive trade actions if they fail to fulfill their commitments to protect intellectual property rights (IPR) and to take more decisive enforcement steps against piracy and product counterfeiting; the move could mean a case with the World Trade Organization (WTO) against China and revoking Russia’s Generalized System of Preferences (GSP) trade benefits.
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