Controversy still surrounds the global telecomms pact signed last weekend by 68 member countries of the World Trade Organisation (WTO).
Governments for Canada and Mexico have limited foreign equity in their PTTs to 46.7 per cent and 49 per cent respectively. ?This may not go down well with US Congress, which still has to ratify the WTO agreement,? said one telecomms watcher. The US walked out of a previous accord last April, complaining there were not enough offers on the table.
Mike Corkerry, BT?s manager of European regulations, said the company welcomed the WTO agreement, which would make it easier to access new markets. However, he said competitors will be frustrated by slow progress in some of the Asia Pacific countries, which need time to establish a market that is ready for competition - including setting up regulatory authorities - before foreign players can properly offer services. Apart from Europe, Asia Pacific is high on the wishlists of most global alliances.
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