Contents with tag: MC10
After extending for a final non-stop 24-hour negotiation between the major trading powers, the 10th Ministerial Conference of the World Trade Organization (WTO) concluded with a Ministerial Declaration that marks a turning point for the multilateral trade body according to U.S. Trade Representative Michael Froman.
Attempts to kill the Doha Development Agenda (DDA) exposes the WTO’s pretentious claims that it seeks to support development in the Global South.
Recent attempts of the United States (US), the European Union (EU) and other developed countries to put an end to the Doha Development Round (DDR) exposes the World Trade Organization’s (WTO) pretentious claims that it seeks to support development in the Global South, global activists said.
Agriculture has always been on top of the World Trade Organization’s (WTO) agenda from the very start. Since it was created two decades ago to replace the GATT, WTO’s trade liberalization policies immediately found its way to open up agricultural trade markets in the Global South. Being the primary economic sector of the developing world, efforts to cut down tariffs on agricultural goods while allowing rich countries to dump heavily subsidized products devastated local economies and pushed the people – peasants, farmers, fisherfolk, indigenous people, rural women and youth, to deeper poverty.
On the opening day of the 10th Ministerial Conference (MC10) of the World Trade Organization (WTO) in Nairobi, global activists welcomed trade ministers from over 100 countries with a protest. Some 200 activists from 12 countries joined grassroots organizations in Nairobi, Kenya to protest 20 years of the WTO’s broken development promises. Simultaneous actions were held in the Philippines, Indonesia, Pakistan and other countries spearheaded by the Asian Peasant Coalition and the International League of Peoples Struggles.
No solution in sight from a system that breeds the world’s problems, warns global activists a day ahead of the 10th Ministerial Conference of the World Trade Organization (WTO) in Nairobi, Kenya.
20 years of WTO have been 20 years of opening up the world to transnational corporate plunder and the languishing of billions of people in poverty, landlessness, unemployment, precariousness, and environmental catastrophes. The 10th WTO Ministerial in Nairobi is set to perpetuate the same neoliberal free trade agenda, and more! Corporations and governments are pushing for new rules to strengthen corporate control and reverse the hard-won rights fought for by people through their collective action.
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.