south-north development monitor - SUNS [Email Edition]

SUNS #4356
Wednesday, 20 January 1999

contents

Trade: Financial services accord will miss a deadline (Chakravarthi Raghavan, Geneva)

Trade: Canada rejects bovine growth hormone (IPS, Ottawa)

Brazil: Central Bank yields to the Market (IPS, Rio de Janeiro)

Finance: People vs. Markets as another bailout flounders (IPS, Washington)

Argentina: "Brazil dependence" threatens trade (IPS, Buenos Aires)

Finance: Russia and Brazil, two defenceless giants (IPS, Moscow)

United Nations: Playing Field for Spies? (IPS, New York) _________________________________________________________________

Excerpts from selected articles:

Trade: Financial services accord will miss a deadline

Geneva, 19 Jan (Chakravarthi Raghavan) -- The WTO Agreement on Trade in Financial Services, concluded in December 1997 cannot now meet the deadline for entry into force by the acceptance of the protocol by all 71 countries (including the EU and its 15 members), parties to the agreement.

So far only 23 countries have notified their ratification or acceptance, the committee on trade in financial services was advised at a meeting Tuesday.

The signatories, who have ratified or accepted within the deadline set in the protocol, 29 January, will now have to meet in February to decide on their course of action.........

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