Very Red Hot off the Press - Federated Farmers Media Release ' WTO knockback is not good for the New Zealand economy'
16 December 2008
“Last night’s cancellation of the WTO Ministerial Meeting, planned for later this week, is extremely bad news for New Zealand. As it looks right now, it’s a bad way to end a very bad year economically.
"After the recent APEC summit and the world economic meltdown, Federated Farmers had high hopes that finally, politicians had got the message that trade was better than stuffing US$300 billion in subsidies down the throats of inefficient businesses.