Overall “Bali Package” is a Setback for Development; Post-Bali Agenda Must Urgently Focus on Permanently Removing WTO Obstacles to Food Security, Urges Global Civil Society "Our World Is Not for Sale" network in this press release soon after the 9th WTO Ministerial in Bali, Indonesia.
In this critical blog Deborah James, Director, International Programs at the Center for Economic and Policy Research, writes on some of the key messages from the Global civil society, trade unions and people's movements on What's Going on at the WTO? Opportunities and Risks Before the 9th Ministerial Meeting.
Today, as governments meet in Geneva to negotiate a proposed Trade in Services Agreement (TISA), 341 organizations representing hundreds of thousands of people from nearly every developing and developed country, called on governments to abandon the talks. Among the endorsers were 42 major international and regional networks such as Public Services International (PSI), UNI Global Union, the European Federation of Public Services Unions (EPSU), the IndustriALL Global Union, the International Union of Food and Allied Workers (IUF), and the ATTAC European network. The letter was organized by the OWINFS network.
The damaging effects of Bilateral Investment Treaties (BITs) and the investment chapters of North-South Free Trade Agreements (FTAs) were highlighted at a World Trade Organisation (WTO) Public Forum event on "Investment provisions and agreements: What is the right 21st century approach?" jointly organised by Our World Is Not for Sale Network, the International Trade Union Confederation (ITUC), and Public Citizen on Tuesday, 26 September 2012.
South Africa's Deputy Director General from the Department of Trade and Industry, Mr. Xavier Carim, remarked that 'South African government's experience has shown that there was no clear relationship between signing Bilateral Investment Treaties (BITs) and increased inflows of FDI' at a WTO Public Forum event on international investment agreements organized by OWINFS on 25 September 2012.
New York, 26 Jun (Bhumika Muchhala) -- The bailouts given to companies in developed countries have destroyed the framework of the multilateral trading system for a level playing field, according to the Nobel prize-winning economist Joseph Stiglitz.
Speaking at the UN conference on the global financial and economic crisis, Stiglitz said that the massive bailouts and stimulus programmes of the rich countries have "destroyed the framework for an international and multilateral global playing field for trade."
An eclectic crowd of nearly 1,000 filled the Crest Theater Monday night for the only public debate in conjunction with this week's international agriculture conference at the Sacramento Convention Center.
The European Union has been the driving force behind calls for an investment agreement through the WTO, with the European Commission claiming this will bring development benefits to recipient countries.