U.S. in Eleventh-Hour Talks on Third-World-Market Access
MARRAKECH, Morocco -- The U.S. is engaged in discreet bilateral diplomacy on the sidelines of the Uruguay Round summit here in a last-minute bid to extract better market access terms from developing nations, particularly India and Pakistan, for U.S....
MARRAKECH, Morocco -- The U.S. is engaged in discreet bilateral diplomacy on the sidelines of the Uruguay Round summit here in a last-minute bid to extract better market access terms from developing nations, particularly India and Pakistan, for U.S. textiles and apparel, according to trade sources.
Trade ministers from 121 countries have been gathered here for a four-day conference through Thursday to sign off on the GATT Uruguay Round trade liberalization accords. Main negotiations for the accords were completed last December.
The inability of negotiators to gain more market access for U.S. goods into India and Pakistan has been a sore point in the U.S. textile and apparel industries, which threaten to oppose the GATT treaty when it comes before Congress for approval.
On Tuesday, Mickey Kantor, U.S. Trade Representative, told reporters here that the U.S. was "not satisfied with the market access offers of either Pakistan or India in the Round."
"We believe that neither has lived up to its responsibilities in the Round, as yet," he said. "We are trying to work with both countries in order to improve their offers, but so far we have been disappointed."
Kantor is scheduled to meet here today with his Indian and Indonesian counterparts and will also meet with ministers from the Asian Pacific Economic Cooperation Forum.
However, U.S. officials declined to state whether the American delegation, which includes chief textile negotiator Jennifer Hillman, will demand that India make its textile and apparel offers more liberal.
Talks on this issue ended in deadlock a few weeks ago in Geneva, after India said that before it could agree to grant the U.S. better terms for specialty garments and value-added upmarket products, Washington had to be more forthcoming in granting India better quotas.
Sources close to the Indian delegation said they are not likely to take the initiative in reviving the textile access issues.
The Indians are more likely to use the meeting to express their concerns about attempts to link labor standards with trade.
The U.S. delegation was also tightlipped on whether it was close to brokering an accord with Pakistan. Unlike India, Pakistan did not break off the talks but has been waiting for the U.S. to come back with a counteroffer to improve access of its goods to the U.S. market, before it decides whether a deal can be cut.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion