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WTO: Where do we go from Hong Kong

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WTO: Where do we go from Hong Kong

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  1. WTO: Where do we go from Hong Kong Lecture by: Shri G. K. Pillai, Additional Secretary, Department of Commerce Jointly organised by HCM RIPA & CUTS International Monday, 2nd January 2006 At B. S. Mehta, Auditorium, Jaipur

  2. WORLD TRADE ORGANISATION • 150 Members • Another 12 awaiting membership

  3. BASIC PRINCIPLES • M F N • National Treatment • Consensus • Dispute Settlement • Ministerial Meetings

  4. AGREEMENT ON AGRICULTURE • Heavily loaded against developing countries • Legitimised subsidies • Distorted Trade • Institutionalised Boxes • Fudging of figures • Peace Clause

  5. TRADE DISTORTING SUPPORT • A M S • De Minimus • Blue Box • Green Box – No reduction

  6. DOHA WORK PROGRAMME • Elimination of Export Subsidies • Substantial Reduction in Trade • Distorting Support

  7. DOMESTIC SUPPORT • Agreement on 3 Bands • EU – Highest Band • USA/Japan – Second Band • Other Developed Countries – Third Band • Cuts 70% - EU 53% - US 83% and 70% - G-20

  8. MARKET ACCESS

  9. NAMA • Swiss formula with coefficients • Para 8 Flexibility • Treatment of Unbound Tariffs • 100% Binding • Sectorals - Non Mandatory

  10. SERVICES • Request offer – Main Mode • Framework as per Annex C • Plurilateral Negotiations - 28 February Request • Final Offers by 31 July 2006