Monday, July 24, 2006

WTO chit chat - ad nauseam!!!

Why, oh why do we still have trade rounds??????
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This is one issue in which the outcome is known by even the most illiterate in the remotest part of the world. Today's Financial Times provides an appropriate summary:
"Three things are absolutely certain about the outcome of farm subsidy talks in Doha. First, the EU will say the US is not doing enough. Second, the US will say it is doing more than enough.....[the third is knowledge specific]"
and another....
"Kamal Nath, India's trade minister, who has millions of rice growers to protect, is fond of saying: "Indian farmers can compete with US farmers but not with the US Treasury.""
On the 24th July, the Financial Times reported that:
"Doha trade talks collapse over farm subsidies...
...The talks, launched in November 2001 in the Qatari capital, have strained from the beginning to reconcile the disparate interests of WTO members."
The WTO is not a forum for the world's citizens. Instead, it is a club for the elite, who continually decide to squeeze the hungry, and the afflicted for the gain of the already wealthy nations. I don't understand how humans can treat other humans with such dispassion, as though they don't exist. I don't understand how any nation can stand in front of an international audience and impose double standards as clear as daylight, but it happens everyday.
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The impasse that swiftly gets into play in Doha rounds is to do with how much more the poor can be squeezed [answer: much more], and how policy can be fairer [answer: not any more than it currently is - unfair]. The WTO should be disbanded or have its mandate rewritten by the people who matter, not those in power.

1 Comments:

Blogger Brandon Bragg said...

I pretty much agree with you that massive changes are needed within the WTO, although, I took a more concilliatory tone in my own commentary. I think that a possible method to address the balance of power is for regional trade blocs need to come into play so that the poorer countries can bring a bigger chip to the table. Unfortunately, this wouldn't address the fundamental imbalance in the way the WTO is set up in the first place.

I think that most of the global institutions - WTO, World Bank, IMF etc. need to be disbanded or re-organised because they all serve to support a system that can so easily be manipulated by the richer countries.

Enjoyed reading you posts have added you to my blog list.

Friday, July 28, 2006 4:30:00 pm  

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