Feeds

World Trade Organisation chief warns global deals are ABOUT TO TANK

Negotiators 'stop making the tough political calls' in Geneva

Top three mobile application threats

The World Trade Organisation head Roberto Azevedo has warned that the first potential global deal in over 10 years – which deals with issues like tariffs on goods, food security and faster global trade – hangs in the balance after talks in Geneva.

Azevedo said that negotiations had been held up in sight of the finishing line as members "stopped making the tough political calls".

The WTO hoped to have an agreed text to present to trade ministers at a meeting in Bali next month with proposals to help streamline customs and loosen tariffs on goods and ensure the sustainability of food security projects, but it closed out talks in Geneva with a number of issues left unresolved.

Delegates have already decided that negotiations won't be held in Bali due to time and other constraints, so deals have to be struck before the ministers get there. But Azevedo said failure in Bali would have dire consequences.

"We will fail not only the WTO and multilateralism. We will also fail our constituencies at large, the business community and, above all, the most vulnerable among us," he said.

"We will fail the poor worldwide. Not a single human being living in poverty anywhere in the world will be better-off if we fail in Bali.

"What we have on the table for Trade Facilitation would deliver jobs and opportunities in times of unemployment and slow growth. It would also deliver technical assistance and capacity building for the better integration of developing and least developed countries into global trade flows… And what we have on the table would deliver on very significant agricultural issues."

He called on delegates to continue talking over the next few days to try "to figure out a way forward".

Negotiations at the WTO this week also broke down on the expansion of the Information Technology Agreement. Countries are attempting to agree on a list of IT products to turn duty-free in an effort to grease the wheels of global trade.

But talks collapsed earlier this week over the number of exclusions that China wants in the deal, leading to the US and China laying the blame at each other's door. ®

SANS - Survey on application security programs

More from The Register

next story
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Whoever you vote for, Google gets in
Report uncovers giant octopus squid of lobbying influence
Lavabit loses contempt of court appeal over protecting Snowden, customers
Judges rule complaints about government power are too little, too late
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Don't let no-hire pact suit witnesses call Steve Jobs a bullyboy, plead Apple and Google
'Irrelevant' character evidence should be excluded – lawyers
EFF: Feds plan to put 52 MILLION FACES into recognition database
System would identify faces as part of biometrics collection
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Ex-Tony Blair adviser is new top boss at UK spy-hive GCHQ
Robert Hannigan to replace Sir Iain Lobban in the autumn
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.