Home / Knowledge / News / Textiles / Council for Trade in Goods approves waiver for Cape Verde
Council for Trade in Goods approves waiver for Cape Verde
04
Jul '09
Cape Verde
Cape Verde
The Council for Trade in Goods, on 29 June 2009, approved a request by Cape Verde for a one-year delay in the implementation of its WTO accession commitments.

The draft decision, which will be forwarded to the General Council for adoption, noted that “Cape Verde's priorities relating to macroeconomic stability, among others, which aim to counter the financial crisis and its consequences for the country's economy, did not allow the first stage of implementation to be carried out on 1 January 2009, as intended.”

Cape Verde, which joined the WTO in July 2008, can now implement the first stage of its concessions and commitments listed in its accession schedule on 1 January 2010, instead of 1 January 2009.

EC enlargements
The Council approved requests by the European Communities to extend by a further six months each of the periods for compensation negotiations related to its enlargements in 2004 and 2007, respectively.

The WTO provides that members of a customs union must provide compensation to other WTO members affected by the new tariff structure. If agreement is not found, the affected WTO member may withdraw substantially equivalent tariff concessions six months after the customs union's new tariffs come into effect.

The period for the withdrawal of substantially equivalent concessions related to the EC enlargement of 19 January 2004 to 25 members was further extended until 1 February 2010.

The relevant period related to the EC enlargement on 1 January 2007 (Bulgaria and Romania) was extended until 1 January 2010.

Regarding the 2004 EC enlargement, Colombia and Ecuador expressed concern that they have not been compensated for the loss of banana exports to the acceding EC member states.

Textiles
Turkey, reiterating the importance of the sector to many members, proposed the holding of a WTO workshop on trade in textiles and clothing. It recalled that its paper on various studies about the sector had noted the reduction in textile exports and higher unemployment in a number of countries since the end of the textile quota agreements in 2005.

Jordan, El Salvador, Dominican Republic, Egypt, Guatemala, Honduras, Mauritius and Morocco supported Turkey's position, and requested that this item remain on the agenda of the Council.

China, India, Pakistan, Thailand and Hong Kong, China reiterated that the textiles sector should not be singled out as it is now under regular trade rules. They said that no consensus had been reached in the Council on various proposals from Turkey during the past five years, and called for the removal of this item from the Council's agenda.

The chair, Amb. Elin Østebø Johansen (Norway), said it was very clear that there still was no agreement among members on this issue. She noted the interest by several members on this issue but considered that five years of inconclusive discussion was not a productive use of the Council's time.

The chair said that as agreed at the previous meeting, this agenda item would now be suspended, but that any delegation could raise the matter at any time. She added that she was available, at members' requests, to hold consultations on Turkey's proposal for the holding of a workshop on textiles and clothing.

World Trade Organization


Must ReadView All

Decision in UK budget to attract investment in retail: BRC

Textiles | On 24th Nov 2017

Decision in UK budget to attract investment in retail: BRC

British finance minister Philip Hammond’s announcement in his budget...

Courtesy: Shangdong Ruyi

Textiles | On 24th Nov 2017

Shangdong Ruyi to acquire major stake in Bagir

Shangdong Ruyi Technology Group Ltd, one of the leading Asian global...

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Apparel/Garments | On 24th Nov 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

Chinese e-commerce firm JD.com has invested $44 million in Tiki.vn, a ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search