Tuesday 31 May 2011

Blind-Siding the Big Trade Blockage

Put a search out for WTO or Global Trade and likely you'll soon discover how little coverage actual activities or any real sense of progress there is. These days.

Nations — the signatories, usually via government cabinet ministers, to WTO or the World Trade Organisation — squabble over important differences and wording/s to legislative documents designed to hold all parties to them and agreements reached. I'd like to say amicably, which was largely how it was in the early stages of WTO's life. But doing so today would misrepresent and mistate realities.

And very clear to observers is that the WTO executive, officers and advisors, along with business and sovereign expertise know this to be a fact.

So much so that an ostensible Trade meeting in Montana, USA, has government ministers airing their opinions on whether WTO's Doha Round break up, and either give up altogether or align interested nations into "something" else as the Honourable Ron Kirk @ USDT put it recently.

And it is that something else — I believe already underway — which is nudging renewed trade impetus onward.

Not that folks in general would know this; nor for that matter the nature of it. Or its drivers!

And this state of affairs has arisen out of distrust and infighting in the other WTO process. Which is to say that constructive commentary and examination needs to know the new ropes.

As I said earlier - first post (looksee) - Tom - does not know those ropes. He makes a solid plausible, albeit bold, case. But it is not based in exactly where and how things are at.

My task here then is to address both the real situation and provision deficiencies arising. With any luck at all our readers can arrive at a doable conclusion from this.

Because it does need a wider audience's correction.

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