Contents with tag: WTO
Two decades since the establishment of the World Trade Organization (WTO), over 60 agreements and numerous ministerial trade negotiations have led to empty promises that continue to fail developing countries and their people. Throughout its existence, the WTO’s mandate to set rules for an international trading order has resulted in unfettered liberalization causing far-reaching and disastrous impacts in the economy, agriculture sector and food systems of people in the developing world.
New free trade deals across regions such as the Transpacific Partnership Agreement, Transatlantic Trade and Investment Partnership, and Trade-in-Services-Agreement, among many others are being negotiated that will have far-reaching implications for peoples in both the global North and South and for the future of the world economy. But these deals will neither benefit the democratic majority nor rescue the world economy in crisis.
The package of proposals being negotiated towards and post Bali is obviously imbalanced against developing countries. While some developed countries argue that the global trade system needs "some outcome" from Bali in order to show "progress," it is clearly not "progress" if the changes made to existing WTO agreements constitute an expansion of the failed model, rather than fundamental changes to existing unfair and asymmetric rules.
IBON International Director Antonio Tujan Jr. today condemned the new trade deal finalized at the recently concluded 9th World Trade Organization ministerial in Bali, Indonesia, as a license for a renewed neoliberal offensive against developing countries.
The Ninth Ministerial Conference of the World Trade Organization concluded a new trade deal after intensive consultations almost round the clock from Wednesday 4 December until the early hours of Friday 6 December, followed by overnight meetings of heads of all delegations the following night.
On the third day of the Ninth Ministerial Conference of the World Trade Organization in this resort island of Indonesia, negotiations appear headed for another failure.
Lines have been drawn as world leaders gather in Bali for the World Trade Organization’s ninth summit. On one side are the world’s wealthiest countries, including the United States, the European Union, Australia, and Canada, among others. On the other side, resistant to the proposals of this powerful bloc, stands the rest of the world: from the so-called “emerging” to developing to the least developed economies.
BALI, 3 December 2013 – The Ninth Ministerial Conference of the World Trade Organization (WTO) commenced today with trade ministers and officials from over 160 countries seeking a deal that would salvage the image of what was once the vanguard institution for globalization.
Civil society groups, social movements and grassroots organizations are set to converge on December 3-6, 2013 for the People's Global Camp (PGC) in Ngurah Rai Sports Center, Denpasar, Bali, Indonesia—a parallel event to the 9th Ministerial Meeting of the World Trade Organization (WTO).
The Agenda For Change, first unveiled in 2011 and approved in May 2012, will determine European Union (EU)’s development policy in the coming years. It is an attempt to improve EU poverty reduction efforts by making its development assistance “more strategic, targeted and results-oriented”.“Impact” has become a buzzword among European development officials but issues that plague European development cooperation over the years call to question whether or not the new overseas aid policy can indeed bring about real transformation in the lives of the poor in Asia & the Pacific.