WTO confirms irrelevance for development - IBON

IBON Foundation

The World Trade Organization's (WTO) tenth ministerial conference in Kenya's capital Nairobi confirmed its inability to deliver development, research group IBON said. Economies continue to be opened up at the expense of the world's poor majority. The United States (US) and European Union (EU) also blocked affirmation of the Doha Development Agenda (DDA) as part of its strategy to push more aggressive liberalization on a wider range of issues, the group noted.

According to IBON, underdeveloped economies did not gain anything from the talks. They are still burdened with having to justify measures to protect domestic agriculture at the WTO. There was no progress in terms of public stockholding for food security and defending against agricultural import surges. Meanwhile, WTO members committed to eliminating agricultural export subsidies. The conference also approved the Information Technology Agreement (ITA) removing tariffs on technology products.

This liberalization appears to level the playing field and allow underdeveloped countries to compete with the developed countries. However, the developed countries will still be in an advantageous position after decades of using protectionist measures to strengthen their economies. The liberalization is not even certain because developed countries have a record of using technicalities to disguise or exempt their protectionism, said the group.

IBON also said that the failure of the Nairobi ministerial to affirm the DDA eroded WTO members' commitment to focus on agriculture, non-agricultural market access (NAMA), and services and to give concessions for underdeveloped countries since the Doha Round of talks in 2001. Now that the US and EU have blocked affirmation of the DDA, talks will no longer be done as a 'single undertaking' or as an indivisible package of measures as before. The two developed countries intend to increase their leverage to now argue for new issues and to be able to pursue smaller liberalization deals through separate measures.

The new issues sought include greater rights for foreign investors, opening up government procurement, weakening state-owned enterprises, strengthening monopolies on intellectual property, and expanding global value chains to worsen exploitation of cheap labour and natural resources. These will have adverse implications for Third World farmers, workers, and consumers as well as domestic agriculture and manufacturing sectors, said IBON.

The conclusion of the Nairobi ministerial confirms how the 20-year-old WTO upholds the interests of the rich countries and their largest corporations over the world's poor and vulnerable majority. The liberalized global economic system needs to be replaced by one that upholds peoples' sovereignty and the basic right to development, the group concluded.

  • Rate this item
    (0 votes)
  • Published in Opinions
  • Read 32249 times


  • Myronavaiz


    Comment Link Monday, 02 April 2018 14:46

    http://onlinepharmacyreviewsx.com online pharmacy viagra review cialis online pharmacy review first medicine online pharmacy review comprehensive pharmacy review online

  • Michaelkam


    Comment Link Monday, 02 April 2018 13:31

    buy cialis levitra and viagra
    cheap cialis
    take cialis pills
    buy cialis
    cialis buy with paypal
    cialis tablets
    cheapest real cialis
    cialis pills
    canadian pharmacy buy cialis professional

  • online payday loans tx

    online payday loans tx

    Comment Link Sunday, 01 April 2018 16:40

    payday loans in az
    payday loans bad credit
    loans online no credit check
    trusted payday loans online

  • Richardironi


    Comment Link Sunday, 01 April 2018 14:27

    cialis pills from india
    cialis online
    buy cialis tijuana
    buy cialis online
    best place buy cialis online forum
    cialis usa
    buy generic cialis professional
    canadian cialis
    order cialis online no prescription canada

  • auto insurance quotes online

    auto insurance quotes online

    Comment Link Saturday, 31 March 2018 15:59

    auto insurance program
    car insurance
    cheap auto insurance companies
    car insurance policy

  • BrettHof


    Comment Link Saturday, 31 March 2018 09:51

    viagra the little blue pill with big repercussions
    ed pills
    generic viagra true false
    erection pills
    cheap kamagra cialis
    erectile dysfunction remedies
    how use cialis 5 mg
    erectile dysfunction pills
    cialis 20mg von lilly preis

  • BrianTog


    Comment Link Friday, 30 March 2018 04:53

    where to buy viagra over the counter in usa
    viagra on sale
    pills like viagra in stores
    viagra for sale uk
    best viagra prices
    where to buy viagra online
    viagra buy with paypal
    buying viagra online
    sales at cheap generic viagra

  • Arthurfreek


    Comment Link Friday, 30 March 2018 01:49

    can you buy viagra chemist uk
    buy generic viagra
    should i take 100-mg of viagra
    viagra generic
    can you buy viagra at the pharmacy
    viagra on sale
    buy viagra over counter us
    viagra on sale
    how does viagra 100mg work

  • KevinRon


    Comment Link Thursday, 29 March 2018 23:16

    video devil premium apk
    words with friends no ads apk
    nitro pak food
    games hacked apk
    apple music free apk
    best mod apk site

  • generic viagra

    generic viagra

    Comment Link Thursday, 29 March 2018 21:02

    viagra buy no prescription canada
    generic viagra
    order viagra no prescription

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

back to top