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Trading away our rights: Sharon Beder on the latest developments in negotiations for a General Agreement on Trade.

Publication: Arena Magazine
Publication Date: 01-OCT-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Trading away our rights: Sharon Beder on the latest developments in negotiations for a General Agreement on Trade.(against the current)

Article Excerpt
There used to be a time when regulations were put in place to constrain business activities in order to protect the public interest. But in the brave new world of globalisation, regulations have to be 'disciplined' to protect business interests.

A working party of the World Trade Organisation (WTO) has been discussing how best to 'discipline' these pesky regulations so they don't interfere with international trade in services. Members of the WTO have already agreed in the Hong Kong Ministerial Declaration that they will 'develop disciplines on domestic regulation' by the end of the current round of negotiations on the General Agreement on Trade in Services (GATS).

The Australian government has supported a draft text for this purpose...

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