Archive - 2009

A group of 125 non-governmental organisations from 50 countries is calling on the governments participating in the mini-ministerial trade talks in India over the next two days to reject the further liberalisation of food and rather promote policies that will achieve food security and rural development and safeguard farmers’ livelihoods. The organisations, of which 13 are in Africa, argue in a letter to the 36 countries attending the mini-ministerial meeting that the World Trade Organisation’s (WTO) policies have resulted in "a failed global agricultural system including extremely volatile commodities markets, a lack of global access to nutritious and affordable food, an increase in hunger, and the erosion of farmers’ incomes.

The much hyped Delhi mini-ministerial ended today with most developing country delegates saying that it was business as usual with negotiations going back to Geneva and Chairs of the Negotiating Committees of the Doha Round. However, Indian Commerce Minister Sharma summarized the meeting by saying that both the G20 and the G33, "were of the view that the texts of December 2008 must form the basis of future work."

Despite the interest in the lead up to the Pacific Islands Forum Leaders meeting in Cairns, the decision to commence trade negotiations barely made a mention in the news in the wake of the meeting.

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."

 

Geneva, 25 Jun (Kanaga Raja) -- The global economic crisis, which has reached the African continent, requires the re-examination of existing approaches to international development, with one important response being deeper regional integration to address the long-standing structural weaknesses of African economies, the UN Conference on Trade and Development (UNCTAD) said Thursday.