Tag: NAM

From the WTO, Reports

USTR passes on the tip that the WTO is webcasting the Doha sessions in Geneva this week. Go here, logically enough: www.wto.org

Director-General Pascal Lamy opened the sessions at an informal meetings of the heads of delegations where the talk turned to the establishment of modalities in Agriculture and NAMA, “modalities” being the “nuts and bolts—such as formulas or approaches for tariff reductions—that underpin each country’s final commitments.” (From a USDA set of trade definitions.) NAMA is the Non-Agricultural Market Access talks, the portion of the negotiations that manufacturers are focusing on.

That being explained, here’s Lamy:

I can think of no stronger spur for our action than the threats which are facing the world economy across several fronts, including rises in food prices and energy prices and financial market turbulences. There is widespread recognition that a balanced outcome of the Doha Round could in these circumstances provide a strong push to stimulate economic growth, providing better prospects for development and ensuring a stable and more predictable trading system. Heads of State and Government across the world have repeatedly expressed their overwhelming commitment to this endeavour, and we must not let this opportunity slip.

And from Barron’s, two apt and accurate paragraphs:

U.S. EXPORTS ARE AT AN ALL-TIME HIGH, thanks to a weak dollar. But keeping exports growing will require more than a flabby currency. This is why Ambassador Susan Schwab, the U.S. trade representative, will be in Geneva this week to urge the world’s fastest-growing economies — China, Brazil, India, and Taiwan — to reduce their high tariffs in key sectors like machinery, electronics, medical devices, cars, chemicals and agricultural goods. A final agreement is far off — as long as seven to 10 years, according to trade experts.

As a crucial first step, Schwab will try to get the developing economies simply to agree to negotiate deals sector by sector in the years ahead. That could be a hard sell. Frank Vargo, vice president for international affairs at the National Association of Manufacturers, says that thus far, the developing countries have only showed an interest in lowering tariffs on chemicals.

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Cool Stuff Being Made: Packaging Corp. of America

Often misidentified, corrugated packaging is not the same as cardboard. (Image courtesy Wikipedia)Without corrugated packaging, well, the world would be in a lot more bits and pieces. So credit for protecting products as they make their way around the globe goes to manufacturers like the Packaging Corp. of America , subject of this week’s “Cool Stuff Being Made Video.”

General Manager Bruce Elsberry of PCA’s plant in Trexlertown, Pa., guides viewers through the corrugated-box manufacturing process.

As always, our thanks to Pennsylvania Cable Network (PCN) for supplying the video and keeping us abreast of all the great manufacturing going on in the Keystone State. To watch this week’s “Cool Stuff Being Made” video, please click here.

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