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® Volume 24 | No.3 | May 2006 INTERNATIONAL 23rd Year of Publication Published in Australia since 1983. Published by Asia Today International Pty Limited (ABN 34 109 69 874). Office address: Level 29 Chifley Tower, 2 Chifley Square, Sydney NSW, Australia. Production Office: Suite 2a, 18-20 Waterloo Street, Narrabeen NSW 2101, Australia. Telephone (612) 9970-6477. Fax (61 2) 9913-2003. Mailing address (all correspondence): Box N7, Grosvenor Place Post Office, Sydney NSW 1220, Australia. E-mail . Website . Contents COVER REPORT 9-16 WORLD TRADE ON THE EDGE Prospects of a breakthrough in the Doha Round of World Trade Organisation talks aimed at preserving and enhancing the global multilateral trading system are diminishing, with negotiators missing a self-imposed deadline. Failure would lead to a greater rush for bilateral Free Trade Agreements, which, with their conflicting ground rules, especially in terms of rules of origin, could see the real costs of international trade escalate. In our special report, we examine the geographic fault zones which have already emerged as governments rush to fill the void left by failure to reach settlement at the WTO. Increasingly, growth in cross-border trade is limited largely to neighbouring countries within geographic zones – a trend which should concern every trader and manufacturer. 10-11 TRAPS FOR UNWARY IN KNOT OF AGREEMENTS 13 WHY MULTILATERAL TRADE IS UNDER THAT DARK CLOUD 15 SOUTH KOREA REVAMPING ITS TRADE POLICY 15 WORLD TRADE ‘AT CUSP OF BIG CHANGES’ 16 OIL EXPORTERS SAVE MORE 16 US CONGRESS DIVIDED ON TRADE ISSUES OPINION 5-6 THE FAREWELL THAT WASN’T – Why Thaksin has given globalisation a bad name. 6-7 MANAGING THE GOLDEN GOOSE – Dangers for the economy in Australia’s minerals and energy export boom. Cyrill Eltschinger – China’s IT sales at US$320 billion. THE REGION 17 KOREA SHORING UP ITS ENERGY BASE – Korea is pursu ing oil exploration projects in Africa and Asia. 17 INDIA MOOTS MUMBAI AS OFFSHORE FINANCIAL HUB – Special economic zones are to be set up in Mumbai, offering special rights for Indian banks. 19 CHINA BIDS FOR OUTSOURCING – China is poised to become a serious competitor for both Information Technology and Business Processing Outsourcing. China has also now become the world’s largest exporter of IT goods. BUSINESS TRAVEL ASXXX Asia Today May 06.qxd 28/4/06 4:36 PM Page 1 Negotiators struggling on Doha 22 SHANGRI-LA ON GROWTH TRACK – The Shangri-La Group plans 80 properties by 2008, 40 of them in China. ® GLOBAL TRADE ON THE EDGE EU Trade Commissioner Peter Mandelson. Daily updates – and a weekly summary of what you might have missed In business, time is money – which is why we offer a weekly e-brief simply listing the business headlines you might have missed, with direct links to what you decide really matters. Time-saver. BULLETIN BOARD BUSINESS ONLINE BUSINESS TRAVEL MAGAZINE ONLINE PUBLICATIONS ONLINE BUSINESS DIARY SUBSCRIBER RESOURCES SUBSCRIBER NETWORK ONLINE www.asiatoday.com.au All contents copyright © ASIA TODAY INTERNATIONAL 2006 ASIA TODAY INTERNATIONAL MAY 2006 | 3
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Page 7 and 8: HIDDEN DANGERS OF A RESOURCES BOOM
Page 9 and 10: GLOBAL TRADE DAILY WTO TALKS IN GEN
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