Showing posts with label Trade Talks. Show all posts
Showing posts with label Trade Talks. Show all posts

Thursday, November 20, 2008

World's poorest nations meet in Cambodia

Thursday, November 20, 2008
ABC Radio Australia

As trade officials from the 21 APEC nations gather for their high profile meeting in Peru, their counterparts from the world's poorest countries are doing the same in Cambodia. A two-day ministerial meeting of nearly 50 least-developed countries is underway, looking at how poorer nations can integrate into the global trade system. The Director-General of the World Trade Organisation Pascal Lamy says the meeting comes at a crucial time, when the global financial crisis could jeopardise the goal of reducing world poverty.

Presenter: Karon Snowdon
Speakers: Adri de Groot, director with the United Nations Industrial Development Organisation, Cambodia Cambodia



KARON SNOWDON: With a membership of 33 African nations and 15 from Asia and the Pacific, this group represents the poorest of the poor. The meeting in the Cambodian city of Siem Riep is organised by the United Nations, the World Trade Organisation and the Cambodian Government. It's about helping the least developed countries or LDCs find ways to participate in world markets with economic benefits. Aidrie De Groot, a director with the United Nations Industrial Development Organisation says the global financial crisis is a setback.

ADRIE DE GROOT: We fear that on the one hand it will reduce in the coming two years, maybe, the assistance provided by developed countries to developing countries - which will make our work much more difficult. Secondly, it will certainly decrease demands for products from these developed countries and that is, of course, the key issue that we're trying to deal with. The only way for us, in our perception, for LDCs to grow faster is to increase their exporters to help accelerate the domestic market development and that certainly will be under pressure for as long as the financial crisis holds on.

KARON SNOWDON: It's the second annual meeting of trade and economic ministers from LDCs and coincides with the more wealthy APEC gathering in Peru where national leaders will join their trade ministers later in the week. While both meetings are discussing trade, perhaps it could be said the more important is the one in Cambodia. Its aim is to target aid programs into helping poor nations develop products to the right standards to export. That involves many aspects from agriculture to training, transport and food safety. The focus is on the "aid for trade" mechanism and ways to speed up poverty reduction through south-south cooperation. As these are often negotiated on a bilateral basis, how do big multinational organisations like the UN help?

ADRIE DE GROOT: We help countries to deal with international standards, not any particular set of international standards, most of the donors see benefit in going through the UN.

KARON SNOWDON: And the WTO Aid for Trade Task Force was set up two years ago in 2006 - with which you're working very closely - what progress has that made so far?

ADRIE DE GROOT: Within that an Enhanced Integrated Framework has started which is a focused fund where countries last year pledged about $120 million for the first two years and most of it will simply be funded on a multi bilateral basis: by bilateral donors funding it through multilateral channels.

KARON SNOWDON: Given the UN's bureaucracy, the size of the bureaucracy, what risk is there, with the UN being involved, much of that funding will be dissipated through the UN bureaucracy and not going to the programs that previously were worked through on a bilateral basis?

ADRIE DE GROOT: Our own organisation is quite a small and rather efficient organisation and we have proven we move faster, often, than bilateral organisations. I think what we are doing is attracting funds on the basis of that efficiency. Often the different donors don't always coordinate well and one way of coordinating effectively is to channel your assistance through one organisation to bring it together.

Cambodia urges unity among poor nations on trade

PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen said Wednesday poor countries like his must continue speaking with one voice in the Doha round of global trade talks to ensure their competitiveness with developed countries.

He also lashed out at wealthy nations for maintaining trade barriers that hurt poor countries, such as farm subsidies and high food safety standards.

"Poor countries are always open to products from developed countries, but when we try to enter developed countries, we often are faced with very strong trade barriers," Hun Sen said.

He spoke in a speech opening a two-day conference of industry and trade ministers from 49 so-called least developed countries in Siem Reap province, Cambodia's tourist hub.

Hun Sen called on the countries "to bind together in solidarity and a united voice to lead us to our common success in negotiating" a revival of global trade talks.

The World Trade Organization's Doha Round talks that began in 2001 broke down in July because of a dispute among India, China and the U.S. over tariffs to protect farmers in developing markets.

Hun Sen called for a "win-win" solution to all but said poor countries "must send another clear message" to key players in the negotiation process to ensure "the principle of free and fair trade of the WTO, which is the heart of the development."

Protectionism will only cause more pain to the development prospects of poor countries that are now facing "profound and possibly prolonged effects" from the global financial crisis, WTO Director-General Pascal Lamy said at the conference.

"They will be left with no means to resort to, especially after the initial squeezes of a general economic slowdown," he said in a speech.

He urged WTO members to agree by the end of the year on methods for settling disagreements on agriculture and industry in order to provide "a stepping stone" toward the conclusion of the Doha Development Round in 2009.

Wednesday, November 19, 2008

WTO chief underscores necessity of deal on Doha trade talk

PHNOM PENH, Nov. 19 (Xinhua) -- A deal on the World Trade Organization's (WTO) Doha round trade talk is an urgent necessity to help poor countries tackle the current global economic crisis, the organization's Director General Pascal Lamy said on Wednesday.

"In the present economic turmoil, what was necessary yesterday has now become indispensable. ... The international community must deliver on both trade and aid," national television TVK quoted him as telling the opening ceremony of the two-day LDC (least developed countries) Ministerial Conference in Siem Reap province.

"I think there is a growing consensus that only multilateral solutions can address the challenges facing the global economy today," he told the delegates, who came from a total of 49 counties to discuss issues related to international trade.

The Doha round World Trade Organization (WTO) talks began in 2001 but broke down in July this year.

A joint press release from the United Nations Industrial Development Organization (UNIDO) and the World Trade Organization (WTO) said that Wednesday's meeting aims to help LDCs integrate their economies into the global trading system.

One of the main topics is "Aid for Trade" (AfT), a package of incentives designed to help overcome structural and resource constraints of least developed countries in exchange for more speedy trade reforms, it added.

Sunday, August 03, 2008

Kuwaiti PM in Cambodia for trade, oil talks

PHNOM PENH, Aug 3, 2008 (AFP) - Kuwait's Prime Minister Sheikh Nasser Mohammed al-Ahmed al-Sabah arrived Sunday for trade talks in Phnom Penh, where he was expected to discuss Cambodia's fledgling oil and gas industry.

The Kuwaiti premier and Cambodian Prime Minister Hun Sen will on Monday sign agreements on trade and investment, Cambodian Foreign Minister Hor Namhong said, while energy cooperation will also top the agenda.

"During the talk, we will raise oil exploration cooperation ... cooperation in the oil and gas sector," Hor Namhong told reporters at the airport, where about 600 onlookers waved Kuwaiti flags in light rain.

Hor Namhong added that he hoped the visit would bring "fruitful" cooperation between Cambodia and oil-rich Kuwait.

Cambodia expects to begin oil production of its offshore fields in 2011, following the discovery of oil in 2005 by US energy giant Chevron.

Cambodia was quickly feted as the region's next potential petro-state, sitting on an estimated hundreds of millions of barrels of crude, and three times as much natural gas in six blocks located off its coast.

But it remains unclear how much of the black gold can be recovered, or whether any potential revenue would be used to benefit Cambodia, ranked among the world's most corrupt countries.

Friday, October 19, 2007

North Korean leader to visit

By Cheang Sokha
Phnom Penh Post, Issue 16 / 21, October 19 - November 1, 2007

Responding to an invitation from Prime Minister Hun Sen, North Korea's premier Kim Yong Il will visit Cambodia. Although few details about the leader's plans were announced, Minister of Commerce Cham Prasidh said he expects the two countries to sign a Memorandum of Understanding on investment during the November 1-4 visit.

Prasidh said the agreement would open the door for more trade between North Korea and Cambodia.

North Korea has potential in cement and fertilizer, both needed in Cambodia. Prasidh said Cambodian investors will consider the opportunity to invest in these sectors for import to Cambodia.

"I hope we will attract North Korea to invest in Cambodia," said Prasidh, who is also vice president of the Council for the Development of Cambodia "So far both countries have no investment in each other."

An official of the Embassy of North Korea could not be reached for comment.

According to a statement from the Ministry of Foreign Affairs, Kim Yong Il will meet with the King Father Norodom Sihanouk, who has maintained a personal relationship with the North Koreans since the 1970s when he was ejected from power and stayed for long periods at a residence in Pyongyang, the capital of North Korea. His bodyguards are all provided by North Korea. The King Father last visited Pyongyang with the Queen in March 2006, according to the Cambodian embassy in North Korea.

Kim Yong Il also will have official discussions with Prime Minister Hun Sen and will meet Chea Sim, the president of the Senate, and Heng Samrin, the head of the National Assembly. Because Cambodia maintains relations with both Koreas, a year ago in the wake of the disclosure by North Korea that it had conducted new nuclear tests, Seoul asked Cambodia to help mediate with North Korea for peace on the peninsula.

In 2001, North Korea's No. 2 leader Kim Yong Nam, made a four day official visit to Cambodia with a 40 member delegation at Sihanouk's invitation.

North Korea is also sending observers to Cambodia in late November to learn about competition for disabled volleyball athletes. The North Koreans were not expected to play in the Cambodian National Volleyball League/Disabled tournament to be held from November 24 to December 1, but were expected to observe so they can start their own program.

Thursday, October 18, 2007

North Korean PM Expected for Trade Talks

Sok Khemara, VOA Khmer
Original report from Washington
17 October 2007


North Korean Prime Minister Kim Yong Il will arrive in Cambodia to expand from "zero" the bilateral trade relations between the two Asian countries, a top official said Wednesday.

Kim Yong Il—no relation to the "supreme leader" of North Korea, King Jong Il—will meet with commerce and other high-ranking officials and is expected to sign a memorandum of understanding to promote trade and travel between the countries, Minister of Commerce Cham Prasidh said.

North Korea "might see Cambodia as a stepping stone for producing goods for export to big countries' markets," he said. "North Korea's investment has been sanctioned…so they need investment, which must be produced in Cambodia and could allow them to export to those markets and can take some income to help their own country."

A US Embassy spokesman said the US supports the visit as an effort for North Korea "to develop normal diplomatic relationships" with other countries.

North Korea traditionally has strong ties to Cambodia, stemming from former king Norodom Sihanouk's warm relationship with former North Korean leader, Kim Il Sung, father of Kim Jong Il. The former king's bodyguards are all North Korean, and he has a palace in Pyongyang.

The former king forged his friendship with North Korea in the 1960s, when Asia countries were forming against Western imperialism, Prince Sisowath Thomico said Wednesday.

Government spokesman Khieu Kanharith said Wednesday the Kim Yong Il's visit was an encouraging sign for Cambodia's security situation. He denied concerns that the trip would harm Cambodia's international reputation.

"When the South Korean prime minister visited Cambodia, he asked Prime Minister Hun Sen to be a mediator...for both countries, and the prime minister did this job completely, so it's not a concern at all," he said.