WTO EXTENDS FREE-TRADE WAIVER FOR BLOOD DIAMOND CONTROLS
November 1st, 2006
BY KEITH NUTHALL
THE WORLD Trade Organisation (WTO) has exempted from its standard free trade rules for a further six years countries involved in the Kimberley Process Certification Scheme combating 'blood diamond' sales.
Its current waiver was to expire December 31 and protects trade restrictions undertaken by participating countries preventing rough diamonds being exported to non-signatory states. Specifically, the extended waiver covers Botswana, Brazil, Canada, Croatia, India, Israel, Japan, Korea, Malaysia, Mauritius, Mexico, Norway, Philippines, Sierra ...
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