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AUSTRALIA AND THE WTO DISPUTE |
| Written by MARTYN COOPE | |
| Tuesday, 11 December 2007 | |
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THE WORLD TRADE ORGANIZATION WRANGLE BETWEEN CHINA AND THE USA HAS BEEN JOINED BY AUSTRALIA. THE DISPUTE IS OVER MARKET RESTRICTIONS FOR AMERICAN MOVIES, MUSIC & BOOKS. SIMON CREAN, TRADE MINISTER, SAID WHILST ANNOUNCING AUSTRALIA'S STATUS AS A THIRD PARTY, IT DID NOT MEAN AUSTRALIA WAS TAKING SIDES IN THE DUSPUTE, BUT THAT IT WILL GIVE IT THE CHANCE TO REGISTER VIEWS ON IMPORTANT ISSUES. CREAN WENT ON TO SAY THAT THE CASE RAISED IMPORTANT MARKET ACCESS ISSUES FOR AUSTRALIAS BUSINESS INTERESTS. AN INVESTIGATION WAS LAUNCHED BY THE WTO LAST MONTH INTO CHINA RESTRICTING THE SALE OF SOUND RECORDINGS AFTER DISCOVERING THAT US MEDIA COMPANIES HAVE MISSED OUT ON MILLIONS OF DOLLARS BY DISTRIBUTION COMPANIES IN CHINA BECOMING LESS FAVOURABLE IN THE DISTRIBUTION OF FOREIGN DVDS AND CDS. AUSTRALIA HAS A FREE TRADE AGREEMENT WITH THE UNITED STATES AND IS LOOKING TO A SIMILAR AGREEMENT WITH CHINA, ITS BIGGEST TRADE PARTNER. |
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