“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.
EU-India Free Trade Talks: In Whose Interest? + The Risk of a Global Economic Recession + FDI at New Heights + EITI Beyond German G8 Presidency + Are We 'All Keynesians Now'? + South-South Cooperation against Child Labour
Lisbon EU-Africa Summit + Shift in Globalisation Debate + Trade Unions and Globalisation + The Falling Dollar + The Biofuel Debate in Brasil + Agentina's Comback without the IMF
Is there anything unusual about the events in question? An African despot, a good deal of bloodshed - at least 80 dead, 10,000 injured, 200,000 displaced -, a rigged election, a concentrated effort to dilute international interest which is very little in the first place - that list contains nothing out of the usual or expected, does it?
The world´s 50 poorest nations saw the values of their exports climb by a collective 80% from 2004-2006 and recorded their highest rates of economic growth in 30 years. But their increased dependence on selling a few unsophisticated products leaves them vulnerable to a reversal, this years LDC report of UNCTAD warns.
The new century started with streamlining initiatives from the IMF and the World Bank to their conditionality, but these have not managed to deliver real change. The arguments have not changed over the last years, and opponents have become firmly entrenched in their positions. The machinery, however, seem to be coming slowly to life after the impasse.
According to the new UN's World Economic and Social Survey, recent optimism that the corner was being turned on poverty thanks to faster growth in emerging markets and even some very poor economies is turning to anxiety, as the global economy downshifts, prices spike and weaknesses in formal-sector employment are exposed.
For the first time at a G8 summit the group of five countries which are called Outreach-5 (O5) by the G8 (Brazil, China, India, Mexico and South Africa) held its own meeting prior to the meeting with the G8 leaders. The G5 Political Declaration is providing substantial alternatives to the multiple crises of the world - from finance to food security, from energy to climate and development.