Rebalancing act: telecoms reform could hammer some Asian carriers

Article Abstract:

The telecommunications business in Hong Kong and in other parts of Asia is based on a major subsidy, with carriers inflating international charges and keeping local rates cheap. However, the US is increasing pressure to cut international rates, meaning that Asian carriers will seek higher domestic charges to offset the expected falls in international revenues. The restructuring of rates will be particularly hard for carriers in developing countries such as Pakistan and the Philippines that rely on incoming international traffic for their profits.

Asia

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Please hold; Asian countries stall global telecoms pact

Article Abstract:

Asian holdouts could sabotage a promising global telecommunications trade pact being negotiated in Geneva. The talks will end on April 30, 1996, and neither Thailand nor India has made an offer. The US and European Union are pressing Japan, Singapore, S Korea, and the Philippines to expand their offers. Countries are asked to agree to open their domestic markets to outside investors, to establish rules barring dominant providers from keeping competition out, and to let outside carriers handle local calls.

Interpretation and construction, Commercial treaties, Trade agreements

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