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WTO’s 20 years of servitude to TNCs and Monopoly Capitalism

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.

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