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| Business Words in the News
Friday 15 November 2002
Vocabulary from the business news. Listen to and read the report then find explanations of difficult words below.
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Australia trade conference
Summary: Trade ministers and officials from 25 countries have started an informal meeting in Sydney to discuss progress in talks launched a year ago in the World Trade Organisation known as the Doha Development Agenda. This report from Dominic Hughes:
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| | The News | |
| | | The first item on the trade ministers' agenda has been the issue of how to revise World Trade Organisation rules governing patents on medicines. By the end of this year member states must reach agreement on how developing countries can overridepatents and make drugs themselves to treat diseases such as HIV and AIDS, TB and malaria. Officials describe discussion as interesting and useful and say ministers are close to reaching agreement. Among other issues to be discussed is access to markets for services, industrial products and, perhaps most crucially, agriculture. Meanwhile, a few hundred anti-globalisation protestors have been staging a noisy demonstration behind metal fences erected around the meeting venue. So far tight security and hundreds of police officers have kept the protestors well away from the meeting itself.
Dominic Hughes, BBC, Sydney
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| | The Words
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| | | agenda
a list of items to be discussed at a meeting
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| | | revise
if you revise something, you alter it to make it better
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| | | patents
a patent is an official right to be the only company or person to sell a new product
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| | | override
if something overrides other things, it is more important than these things
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| | | interesting and useful
a formal phrase used when talks are going well
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| | | access to markets
the right to sell in certain areas
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| | | services
a service is an organisation or system that provides something such as post, transport or health for the public
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| | | industrial products
things which are made in factories
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| | | anti-globalisation
against the domination of international free trade by large corporations
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| | | venue
the place where an event is held
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