The Rendon Group Snapshot Report – 09 December 2013

by TRG Alerts Admin on December 9, 2013

The Rendon Group Snapshot Report

(09DEC13)

Each week The Rendon Group Alert Team will focus on a different continent and a different issue affecting that continent.  The Snapshot Report is intended to provide a summary of events on a given issue over the past week as well as a sample of experts who cover that issue.  The Rendon Group does not endorse the positions on issues that the listed experts hold nor does The Rendon Group hold a position on any of the topics chosen for the Snapshot Reports.  As always, we remain available to answer any questions you may have and to provide additional information upon request.  For more information regarding The Rendon Group’s products and services, please contact us at Alert@Rendon.com or +1-202-745-4900.

 

World Trade Organization (WTO) Talks

Image source: http://www.iccwbo.org/

 

This week’s snapshot concerns the WTO’s 9th Ministerial Conference that took place from 03DEC to 06DEC in Bali, Indonesia. The talks mark an important point on the road to completion of the Doha Development Round. Despite tough and extended negotiations, the conference ended with a historic pact – the first global agreement to be reached by the organization since its 1995 founding.

 

News summary of events related to the WTO talks during the week of 02DEC-09DEC

  • On 02DEC, leaders from developing countries called on the WTO to approve a proposal on food security.” (Xinhua)
  • On 04DEC, India said it would not accept a WTO proposal on food security, on fears that it would jeopardize its ability to subsidize agriculture. (AFP)
  • On 05DEC, the European Union Parliament urged negotiators to reach an agreement on a forming a multilateral trade system. (Xinhua)
  • On 06DEC, delegates appeared to have agreed on a draft package that would boost trade and development. (Xinhua)
  • On 07DEC, commerce ministers approved of the deal, hailing it as a ‘historic’ boost for the WTO and global economy. (AFP)
  • On 07DEC, WTO chief Roberto Azvedo said that developing countries would benefit most from the deal. (Xinhua)

 

Sample of Twitter handles regarding the WTO talks

@sdonnan – Shawn Donnan, World trade editor at Financial Times

@nickdearden75 – Nick Dearden, Director at Word Development Movement

@Devinder_Sharma – Devinder Sharma, food & trade policy analyst

@pwgallagher – Peter Gallagher, trade & public policy analyst

@xAlan_Matthews – Allen Matthews, Professor Emeritus of European Agricultural Policy, Trinity College

 

Sample of Third Party Validators regarding the WTO talks

Scott Davis, Chairman and CEO at UPS

“[The deal] is a giant step forward for businesses large and small in expediting the movement of goods globally and reducing unnecessary paperwork.” – WTO Deal Buys Trade Talks Time to Craft Elusive Broader Deal, Bloomberg, 08DEC13

Jean-Pierre Lehmann, Professor at International Institute for Management Development, Switzerland

“It’s kicking the can down the road…It’s better than an outright failure, but I don’t know how seriously the outside world can take it.” WTO Staggers on After Limited Trade Pact, Wall Street Journal, 08DEC13

Deep Kapuria, Chairman, National MSME Council, Confederation of Indian Industry

“The outcomes on food security is a big victory for multilateral trading system and truly a historic achievement for all member countries.” Historic WTO Deal may add $1trillion to economy, The Times of India, 08EC13

Simon J. Evenett, Professor of International Trade, University of St. Gallen, Switzerland

“Dealing with the fracas on food security sucked the oxygen out of the rest of the talks.” W.T.O. Reaches First Global Trade Deal, Reuters, 07DEC13

Joshua Meltzer, Fellow at the Global Economy and Development program, The Brookings Institution

“A successful outcome at Bali, while short of the full Doha Round, will give the WTO a needed boost of confidence.”, The 2013 WTO Bali Ministerial: Prospects and New Horizons, Brookings, 25NOV13

 

Sample of open source research by TRG analysts related to the WTO talks:

1.  Developing nations call for WTO agreement on food security proposal

Media: Xinhua (China)
Byline: N/A
Date: 02 December 2013

BALI, Indonesia, Dec. 2 (Xinhua) — Trade ministers and officials from developing countries in the G-33 bloc on Monday urged members of the World Trade Organization (WTO) to approve a G- 33 proposal concerning agriculture and food security at the WTO’s upcoming 9th Ministerial Conference.

“This proposal is important considering the volatility of world food prices, which is continuously increasing,” said Indonesian trade minister Gita Wirjawan after a G-33 meeting held prior to the ministerial conference, slated from Dec. 3 to 6 in the famous tourist destination.

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2. India resists pressure in WTO impasse

Media: Agence France-Presse (AFP)
Byline: N/A
Date: 05 December 2013

NUSA DUA, Indonesia, Dec 05, 2013 (AFP) – India on Thursday shrugged off mounting pressure to compromise in a global impasse over food security that has cast the future of the World Trade Organisation into doubt.

India’s insistence that it be allowed to stockpile and subsidise grain for its millions of hungry poor has emerged as a major stumbling block at a conference of trade ministers in Bali.

The WTO has warned that failure to agree on that and other issues could be the death blow to the body’s 12-year-old effort to remove trade barriers, which is at a stalemate.

“This is a fundamental issue. We will never compromise,” Indian Commerce and Industry Minister Anand Sharma told reporters.

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3.  Trade agreement in view after talks extended: WTO spokesman

Media: Xinhua (China)
Byline: N/A
Date: 06 December 2013

BALI, Indonesia, Dec. 6 (Xinhua) — Delegates attending the ninth ministerial meeting of World Trade Organization (WTO MC9) appear to have agreed a draft package aimed at boosting trade and development in a weary final meeting on Friday, WTO spokesperson Keith Rockwell said.

“The reception of the text was enormously favorable. Froman and Sharma were embracing each other. People were cheering and they were clapping,” Rockwell told reporters, referring to U.S. Trade Representative Michael Froman and Indian Trade and Industry Minister Anand Sharma.

He was describing the scenes in the ministerial meeting presided over by WTO director-general Roberto Azevedo and WTO MC9 chairman and Indonesian Trade Minister Gita Wirjawan.

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4.  Developing countries benefit most from Bali package: WTO chief

Media: Xinhua (China)
Byline: N/A
Date: 07 December 2013

BALI, Indonesia, Dec. 7 (Xinhua) — Developing countries will gain the most from the global trade deal delivered by the World Trade Organization (WTO) Saturday, chief of the organization Roberto Azevedo said here.

Azevedo, Brazil’s former trade envoy who took the WTO helm in September, made the remarks at a press conference following the approval of deal by the WTO’s 159 members for the first time in nearly two decades.

“People all around the world will benefit from the package delivered especially the poor, the unemployed and the vulnerable,” Azevedo told reporters with the Indonesian trade minister Gita Wirjawa after the closing ceremony of the 9th Ministerial Conference in Indonesian resort island Bali.

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5. WTO hails ‘historic’ trade agreement

Media: Agence France-Presse (AFP)
Byline: N/A
Date: 07 December 2013

NUSA DUA, Indonesia, Dec 07, 2013 (AFP) – Commerce ministers capped days of hard negotiations Saturday by approving a commercial deal that the WTO hailed as a “historic” boost for the trade body and the world economy.

The agreement falls far short of the World Trade Organization’s lofty but elusive vision of tearing down global trade barriers through its frustrating, 12-year-old Doha Round of talks.

But the accord reached on the Indonesian resort island of Bali nevertheless marks the first global agreement struck by the Geneva-based body since its 1995 founding.

“For the first time in our history, the WTO has truly delivered,” an exhausted-looking WTO director-general Roberto Azevedo told a closing ceremony.

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6. Developing countries benefit most from Bali package: WTO chief

Media: Xinhua (China)
Byline: N/A
Date: 07 December 2013

BALI, Indonesia, Dec. 7 (Xinhua) — Developing countries will gain the most from the global trade deal delivered by the World Trade Organization (WTO) Saturday, chief of the organization Roberto Azevedo said here.

Azevedo, Brazil’s former trade envoy who took the WTO helm in September, made the remarks at a press conference following the approval of deal by the WTO’s 159 members for the first time in nearly two decades.

“People all around the world will benefit from the package delivered especially the poor, the unemployed and the vulnerable,” Azevedo told reporters with the Indonesian trade minister Gita Wirjawa after the closing ceremony of the 9th Ministerial Conference in Indonesian resort island Bali.

Continue reading

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