New Delhi: A Parliamentary Standing Committee has recommended a blanket ban on foreign investment in retail and has opposed even big domestic corporate entering the sector saying that it will lead to unemployment.
The International Labour Organization's ninety-eighth tripartite conference gets under way from 3-19 June amidst the latest ILO labour market projections showing a further increase in the number of unemployed, working poor and those in vulnerable employment
In his special address to the Cairns group, in Bali today, Shri Anand Sharma, Union Minister of Commerce and Industry has reiterated the Indian commitment to the successful conclusion of the Doha process through a constructive engagement.
Geneva, 28 May (Kanaga Raja) -- The United Nations on Wednesday downgraded its economic forecast for 2009, projecting the world economy to shrink by 2.6% this year, with the poorest countries to be hit the hardest.
The downgrade comes on top of an already pessimistic UN estimate five months ago, when it had projected a decline by 0.5%.
The even grimmer economic picture has been outlined by the UN Department of Economic and Social Affairs (UN-DESA) in its mid-year report "World Economic Situation and Prospects 2009".
Many developing countries appear to have opposed and/or voiced concerns over a suggestion by WTO Director-General Pascal Lamy for work along "two simultaneous tracks", one on modalities in agriculture and non-agricultural market access (NAMA) and another for commencing the scheduling exercise in both these areas.
The WTO General Council on Tuesday decided to convene its seventh Ministerial Conference in Geneva from 30 November to 2 December, nearly four years after its last conference in Hong Kong-China in 2005.
The Stop the New Round Coalition (SNR) joins peoples’ organizations and movements across the globe in calling for the rejection of the WTO Doha Round and we demand that the Philippine government turn around and walk away from these unfair and unjust negotiations.
While the financial crisis and its consequences are spreading around the world and even the most erstwhile ‘free market’ governments are discussing how to re-regulate the financial sector, bilateral and regional ‘free trade’ agreements continue extreme deregulation of the financial industry. The terms of these agreements prohibit countries from reforming their financial sector so as to remedy the financial, economic, environmental, food and social crises now growing, and from ensuring that finance is directed towards the transformation to sustainable societies.
Many political leaders have been calling for the conclusion of the ‘Doha Round’ negotiations in the World Trade Organisation (WTO) as a solution to the financial crisis, in order to provide a boost to the world economy and a signal of confidence to multilateralism. They argue that WTO rules prevent “protectionist measures”, closing of borders, and beggar-thy-neighbour policies, which led to the economic depression in the 1930s and the consequent wars.
Constitutional Court Justice Albie Sachs today handed down judgment in the Biowatch case. Calling the case “a matter of great interest to the legal profession, the general public, and bodies concerned with public interest litigation”, Justice Sachs set aside the costs order awarded against Biowatch in favour of Monsanto and further awarded legal costs in the High Court hearings in favour of Biowatch and against the state. The bench of eleven judges was unanimous in its decision.
World Trade Organization director-general Pascal Lamy said May 26 that WTO members should consider a two-track approach towards concluding the troubled Doha Round of trade talks, an idea already floated by the United States for breaking the deadlock in the negotiations.
The Congress of South African Trade Unions (COSATU) commends the Department of Trade and Industry for opposing the current Doha texts on agriculture and industrial goods. In a statement released on 22 May 2009, it said that SA would not rush for an imperfect Doha deal.