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 Ex-WTO chief tips pacts are on the way out

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RR Phantom

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Ex-WTO chief tips pacts are on the way out Vide
PostSubject: Ex-WTO chief tips pacts are on the way out   Ex-WTO chief tips pacts are on the way out Icon_minitimeTue May 27, 2014 8:06 pm
The stalled Trans-Pacific Partnership trade negotiations and Australia's latest free trade agreements with Japan and Korea don't much impress Pascal Lamy.

Ex-WTO chief tips pacts are on the way out Art_w_lamy_2805-620x349

The former director-general of the World Trade Organisation dismissed them as agreements of the past.

''Look at the US-Japan agreement,'' he says. ''It's about pork, beef and rice. They are not exactly 21st-century trade opening topics. The Trans-Pacific Partnership agreement Australia is negotiating with the US and 10 other countries, it's a good old-fashioned agreement.

''It's about goods, services, government procurement, a bit of intellectual property, but it's the last of the big old-style agreements.''

His brutal message delivered to BusinessDay just after a meeting with the Australian Treasury is that trade is no longer much advanced by cutting tariffs.

http://www.smh.com.au/business/exwto-chief-tips-pacts-are-on-the-way-out-20140527-392fq.html
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