Spearheaded by the current President of the UN General Assembly Miguel D´Escoto Brockmann, the UN Conference on the Financial and Economic Crisis and its Impacts on Development took place from June 24-26, 2009.
China and the EU are preparing to launch negotiations for a bilateral investment agreement at the next EU-China Summit this November. The proposed agreement would replace existing bilateral investment treaties between EU member states and China. This is the moment to develop a more balanced international investment framework that would protect the sovereign power of both parties.
The world's investor state dispute settlement (ISDS) system faces the largest crisis in its history. Why is the European Commission rejecting the justified criticism that can be found all over the world?
Sixty activists from the global South and Europe are currently touring Europe on their way to Copenhagen. Starting out at Seventh Sessions of the World Trade Organisation (WTO) Ministerial Conference in Geneva from 30 November to 2 December, the tour passes through Italy, Germany, France and Belgium before arriving in Copenhagen on 9 December.
The rise of Raghuram Rajan and Agustin Carstens to top positions in powerful financial institutions reflects how the "Davos class" is incorporating people from every corner of earth into its neoliberal project.
The investor-state dispute settlement (ISDS) clause present in many trade treaties give investors far-reaching protection, curtailing governments’ ability to regulate for progressive agrarian and agricultural policies and reinforcing the notion of land as a commodity.
The neoliberal free market has been 'constitutionalised' through law in Europe and elsewhere as a way to prevent challenges to financial and corporate power. The new technocracy put in place poses a serious danger to democracy and freedom.
The Regional Comprehensive Economic Partnership (RCEP) is a mega regional trade deal involving sixteen nations from Asia-Pacific. RCEP will impact the lives of billions of people, from the quality of the food they eat to the energy they consume and the affordability of life-saving medicines. Yet, RCEP negotiations are being conducted almost completely in secret, with limited to no meaningful public participation. Most elected officials have, at best, limited access to the negotiating texts, which remain out of reach for civil society.
An exciting development in recent years is the number of new South-South inter-governmental alliances that are emerging to defend their interests and challenge the bias of the current global trade and investment regime.
Leaked TTIP documents show the EU is promoting unrestricted trade in fossil fuels and working to limit the implementation of clean energy policies, just months after the bloc proudly claimed to have “been at the forefront of international efforts towards a global climate deal”
The BRICS have played an important role at moments in slowing down neoliberal trade policy, but do not depart from a global trade model that has yielded great profits for a few major transnational companies and witnessed a race to the bottom in term of wages, working conditions, and environmental protection.
The secretive and lucrative world of international investment arbitration has enriched a small coterie of multi-billion dollar international firms, which actively promote and even help finance litigations against states and have fought fiercely to prevent changes to an unjust international investment regime.