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Montevideo, November 22nd 2024 - 02:18 UTC

Tag: Todd McClay NZ Trade Minister

  • Thursday, February 4th 2016 - 07:45 UTC

    Trans Pacific Partnership trade deal signed by 12 member nations in New Zealand

    The 12 nations account for some 40% of the world's economy - they now have two years to ratify or reject the pact.

    The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand. The ceremony in Auckland brings the huge trade pact, which has been five years in the making, another step towards to becoming a reality. But the TPP continues to face opposition.

  • Saturday, December 19th 2015 - 05:37 UTC

    WTO statement in support of reducing fishing subsidies

    WTO leaders believe that in many cases, subsidies encourage overfishing and illegal, unreported and unregulated (IUU) fishing.

    World Trade Organization members, including Argentina and Uruguay, have agreed on the need to reduce fishing subsidies so as to contribute to the conservation of fishing resources worldwide. This decision was taken because WTO is convinced that fisheries subsidies contribute to economic losses in the fisheries sector, leaving serious impact on food security and livelihoods, particularly in developing countries, Star Business Report reported.