Contents with tag: Global
It has been two decades since the establishment of the World Trade Organization (WTO), a successor to the General Agreement on Tariffs and Trade (GATT), which created a multilateral trading system encompassing trade in goods, services, agriculture, and intellectual property.
Over 130 Heads of State have arrived in Paris in an attempt to sign a new global agreement, amidst high expectations of people all around the world for urgent and meaningful action to respond to the climate crisis. Just over the weekend, the world saw the biggest ever climate marches of almost 1 million people gathering in 175 countries demanding leaders to come to an agreement that is binding, ambitious, durable and just, to replace the Kyoto Protocol and to take effect in 2020. This new climate deal that is yet to be agreed on is quite controversial already in the approach it takes, as it calls on each and every government to say just what and how much it is willing to undertake actions to reduce emissions, provide finance, and adapt to the increasing impacts of climate change.
Twenty years since its establishment, the World Trade Organization (WTO) remains one of the most important mechanisms used by the global monopoly capital to advance neoliberal trade and concentrate wealth at the hands of the richest one percent. By imposing trade rules that empower transnational corporations (TNCs) from rich countries, the WTO serves to keep the vast majority of countries underdeveloped while a tiny minority accumulates more power and wealth.
The 21st Conference of Parties of the United Nations Framework Convention on Climate Change (UNFCCC) opened today in Paris, where the world’s leaders are expected to come to an agreement on actions to solve the climate crisis.
Even as authorities and world leaders try to suppress peoples protest surrounding the 21st Conference of Parties (COP21) to the UN Framework Convention on Climate Change (UNFCCC), to be held in Paris from November 30 to December 11, 2015, the people are unwavering in their stance for a genuine global climate agreement that reflects the peoples’ aspirations for social transformation and system change that will solve the roots of the climate crisis.
Climate change threatens the right to health. According to the World Health Organization, climate change is already responsible for approximately 150,000 deaths every year. It also worsens environmental conditions, contributing to poorer health, nutrition, and water quality.
The Second meeting of the Inter-Agency and Expert Group on the Sustainable Development Goals (IAEG-SDGs) took place in Bangkok, Thailand, on 26-28th October 2015. Statistics experts from 28 national governments convened with the objective of coming to an agreement on the list of indicators to measure progress for each of the 17 SDGs ratified last September during the United Nations General Assembly.
The Bonn climate change negotiations commenced last October 23, 2015 with a still contentious 33-page draft negotiating text.
A few days ago, the United States, Japan and 10 other countries from the Pacific region arrived at a final agreement to approve what has been cited as the largest regional trade accord in history, The Trans-Pacific Partnership (TPP) agreement. The trade deal focuses on lowering trade barriers to goods and services, tightens intellectual property (IP) laws and establishes an investor-state dispute settlement mechanism.
Amidst the celebrity hype over the announcement of the United Nations’ Post-2015 Sustainable Development Goals (SDGs), including Pope Francis’ address of the UN member states, not all who travelled to New York City for the UN Development Summit were buying it.