In a bid to overcome the WTO deadlock, monopoly capital has instead diverted its focus on bilateral and regional Free Trade and Investment Agreements (FTAs) that aim to dismantle existing labor, environmental, health and financial laws while boosting corporate profit and control.
THE Philippines expects to seal a free trade agreement with the European Free Trade Association (EFTA) within the year, a key official of the Department of Trade and Industry (DTI) said.
The People Over Profit network strongly condemns the PNP’s (Philippine National Police) brutal dispersal and illegal detention of national minority groups and allies during a protest rally yesterday October 19, 2016 at the US embassy in Manila, Philippines.
The decision is finally out! The International Centre for Settlement of Investment Disputes (ICISD), has just ruled that OceanaGold’s case against the Government of El Salvador is without merit and the Government of El Salvador will not have to pay the company the $250 million it is demanding for alleged losses caused by a national mining moratorium executed by El Salvador. The country will also be awarded $8 million to cover legal costs for the claim.
More than just being a trade deal, the TPP is an important component of the US scheme to maintain its hegemony in Asia Pacific.
EPAs are damaging to our regional integration, damaging to African unity, and will undermine the struggles and the outcomes of what Africa has, under great difficulties, managed to achieve within the multilateral trading system of the WTO.