“The Indian middle class is hungry for exciting food and drink experiences” – at least according to Mariann Fischer Boel, the EU Commissioner for Agriculture. When it is signed and sealed by the end of 2008, the free trade agreement between the EU and India is supposed to help quench this appetite. The EU wants to export wine, whisky, olive oil and 40 types of fish, among other things, to India when the customs barriers fall. Yet to whom such treaties are really helpful, Christa Wichterich asks.
Since the WTO Doha development round has reached a dead end, the EU wants to accelerate the advance of European corporations against its US competitors in the world market with the help of bilateral free trade agreements (FTAs). ... ... this article is published in Issue 1/Jan-Feb 2008 for subscribers only. For direct log in >>> click here.If you have no subscription >>> pick your option or >>> buy the article.
The G20's unfinished business: The potential of SDRs + Compensating poor food importers + EU strategy on aquaculture + World Bank suspends labour indicator
A green recovery is possible + Stiglitz presents interim report + IFM funding and reforms + The wrong side of the global water divide + BRICs call for more say in IFIs
On the road to London and beyond: New opportunities for global governance + Aid under pressure + South-South cooperation in global crisis + Global unemployment
Race to a New Bretton Woods + Time for UN to Act + Stiglitz' New Economic Compact + China's Agrarian Reforms + Transparency Deficit of IMF and World Bank
Dambisa Moyo's book "Dead Aid" (see reference) has created quite a storm within the development community, which struggles with an appropriate response. However, the reactions have been too defensive, according to Eveline Herfkens.
The United Nations has downgraded its economic forecast for 2009. The world economy is expected to shrink by 2.6% in 2009. Approaching the end of May 2009, the economic landscape remains very winterly with no visible green shoots to be seen which could signal beginnings of a new spring.
The G20 recently endorsed the issuance of $250bn of Special Drawing Rights (SDR) by the IMF, but it made no arrangements for rich countries to transfer their allocations to poor ones. The idea was not even mentioned. Yet that is where the real benefits of an SDR issue would come from. A memorandum by George Soros
Globally, fish is by far the most traded agricultural commodity, and aquaculture is the fastest growing food production activity. Asia is the leader, with 80% of global production. However, with its Aquaculture Strategy of April 2009, the European Commission provides a red carpet to European industry.
High food prices are putting the health and lives of the world's poorest at severe risk. A mechanism to compensate for the effects of higher import prices on the poor is needed and can be implemented immediately. It must be without conditions. A proposal by Kunibert Raffer.