Jul 29, 2008

Is Zespri About To Lose Its Monpoly?

This from WTO DG Lamy's speech to the the full WTO membership today

Regarding STEs, there is convergence on eliminating the square brackets in the text which will, inter alia, eliminate the monopoly powers of STEs. There is an understanding that the base period for elimination of export subsidies as regards volume commitments will be 2003-2005. With these adjustments, the Export Competition chapter is stabilized.

Zespri is a STE - State Trading Enterprise - its export monopoly is a right vested by Government