Byers calls for World Trade Organisation reform
Monday 14 June 1999
In a speech to Japanese businessmen, he will warn that barriers to trade pose the biggest threat to world economic growth. In the wake of recent disputes between Europe and the US over bananas and beef, and the US and Japan over steel, he will say the WTO must close loopholes and reduce delays in its settlement of trade disputes.
According to Mr Byers: "As the economic weather turns, as a storm in one region threatens to spread, there are easy but dangerous shelters - a return to protectionism, the breakdown of co-operation, the rise of beggar-thy-neighbour policies." At the heart of his speech will be a call for reformed WTO procedures for settling trade disputes between countries.
"Some of the procedures, such as those governing the enforcement and application of judgements, are open to argument. Loopholes in existing rules allow losing parties to delay the day of reckoning." Mr Byers believes the WTO should consider setting down a clear timetable with deadlines for compliance.
Mr Byers is on a 10-day tour of Japan, Hong Kong and China.
- 1 This 'woman calls police to order pizza' story isn't going where you're expecting
- 2 Axe wielding man shot dead after attacking four New York policemen on busy street
- 3 Watch what happened when food critics were unknowingly served McDonald's
- 4 Jimmy Carr's Oscar Pistorius joke goes a bit too far at the Q Awards
- 5 Ottawa shootings: Bruce MacKinnon's cartoon is the perfect tribute to soldier Nathan Cirillo
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
Poppy Appeal 2014: This is why I won't be wearing a red poppy this year
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...