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THIRD WORLD ECONOMICS

Issue No. 616/617, 1-31 May 2016
Differences in WTO talks persist


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South stress on S&DT, development, SSM, public stockholding
A 12 May meeting of the WTO’s governing General Council saw member states outline their priorities for the WTO negotiating agenda.
by Kanaga Raja

US-led efforts to erase development outcomes of DDA shot down
Divisions over the way ahead for the WTO talks came into relief at the informal heads-of-delegation meeting on 9 May, as the following two articles report.
by D. Ravi Kanth

WTO chairs’ reports reveal continued differences on key issues
by Kanaga Raja

Developing countries stress importance of SSM
At a WTO meeting convened to discuss the question of a Special Safeguard Mechanism in agricultural trade, many developing countries voiced the need for such an instrument to insulate themselves from trade shocks in the sector.
by Kanaga Raja

G33 nix EU move to link PSH solution to domestic subsidy cuts
Members of the developing-country G33 grouping which is calling for public food stock schemes to be greenlighted by the WTO have rejected attempts to link this issue with domestic farm subsidy cuts.
by D. Ravi Kanth

Rules talks on all outstanding issues or only on fisheries subsidies?
The scope of discussion in the WTO rules negotiations remains uncertain, with the US seeking to limit the focus to fisheries subsidies.
by D. Ravi Kanth

US and G7 allies pressure China on zero-tariff EGA
The US and other industrial countries are seeking to push China to scrap tariffs on a wide array of “environmental goods” under a plurilateral treaty currently being negotiated.
by D. Ravi Kanth

Isolated US still vetoes Chang reappointment to AB
The US has blocked the reappointment of a member of the WTO’s Appellate Body adjudicating on trade disputes, despite strong concerns expressed by other countries over the “troubling” and “very inappropriate” move.
by D. Ravi Kanth

AB members challenge US over Chang reappointment
The US’ rejection of a second term in the WTO Appellate Body for Seung Wha Chang has come under fire from current and former members of the body, reports D. Ravi Kanth in the two articles below.

Former AB members censure US on Chang veto
by D. Ravi Kanth

Nearly $10 trillion needed to end poverty by 2030, says ILO
Describing progress in combating poverty thus far as uneven and fragile, the International Labour Organization has stated that almost $600 billion is needed a year to eradicate poverty by 2030, and that sustainable poverty reduction demands the availability of decent work.
by Kanaga Raja

Opinion: Free trade in rhetoric, protection in practice
Western countries are fond of preaching “free trade” to developing countries, but their own practice is often protectionist instead.
by Martin Khor

Opinion: Increasing economic inequality not inevitable
Vladimir Popov and Jomo Kwame Sundaram trace the trajectory of economic inequality up to the present day, with yawning income and wealth gaps once again opening up.

Opinion: Policymakers, listen to your hired help
Our global economy will never become more productive, the developed world’s official economic research agency suggests, if we continue to let wealth concentrate.
by Sam Pizzigati

Opinion: After the “battle of the century”, what next for debt crisis management?
Argentina’s costly recent settlement with vulture fund creditors has further strengthened the latter’s predatory business model, writes Bodo Ellmers, but options for fair and effective management of sovereign debt problems remain available.


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