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APEC gives welcome boost to world trade talks.



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FOR MEDIA

CRAIG EMERSON Member for Rankin

SHADOW MINISTER FOR INNOVATION, INDUSTRY AND TRADE

4 June 2003

APEC gives welcome boost to world trade talks

The call by APEC trade ministers for a successful outcome of the Doha round is a welcome boost for the World Trade Organisation multilateral trade talks.

Trade Minister Mark Vaile should be congratulated for his efforts. While on a winner he should stick to it, instead of changing back to that old nag, the discriminatory bilateral deal.

Labor has always argued that the multilateral route to trade negotiations is the best way of achieving good outcomes for all countries, including Australia.

APEC was initiated by Australia when led by a Labor government. Its distinguishing feature is that it is a non-discriminatory forum for trade liberalisation.

APEC therefore can add weight to the push for global trade liberalisation.

Indeed, the strong support of APEC trade ministers for an open, rules-based, multilateral trading system will add momentum for a successful WTO Ministerial Meeting in Cancun later this year.

While the Doha round is experiencing problems, these are not unusual in multilateral trade negotiations.

04/06/2003Contact: Craig Emerson 0418 781 386 or Brendan Shaw 0413 013 501