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November 24, 2005
Nothing to protest
"Trade blocs lower their sights still further for HK talks" screams the front page of the SCMP on the upcoming WTO* talks. Being a silver lining kind of city, we're told this is a good thing:
Key members of the World Trade Organisation have acknowledged they will be unable to agree on a framework for a trade liberalisation pact at next month's Hong Kong summit. They have only outlined a road map for concluding the current trade talks by the end of 2006.Which hopefully means the idiots from the Korea Peasants' League will keep their arson kits for more home grown activities:
"Today the [South Korean] government declared a death sentence for 3.5 million farmers," said a joint statement from the Korea Peasants' League and six other farmers' unions. "We hereby declare an uncompromising struggle against the current government. and we will stage campaigns to stop foreign imported rice from entering our ports and set fire to foreign rice storage facilities."This is in reaction to the passing of a slight liberalisation of Korean rice imports, raising the quota from 4% of comsumption to almost 8% in return for a 10 year grace period before liberalising imports completely. Some thanks. What a shame they won't be visiting us.
* Does WTO stand for Wanchai Take Over?posted by Simon on 11.24.05 at 08:53 AM in the Hong Kong category.Koreas category.WTO category.
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Tracked: February 13, 2006 09:08 AM
Nice post, Simon. I like your suggestion of Wanchai Take Over. I've always also liked Waste of Taxpayer Outlay and Wankers Tired of Onanism. In its previous incarnation (GATT), I quite liked General Agreement to Talk and Talk...posted by: HK Dave on 11.24.05 at 11:48 AM [permalink]