29 Dec '15, 6pm

Defeated: rich countries' plan to impose investor rights in WTO trade deal - The Ecologist

Defeated: rich countries' plan to impose investor rights in WTO trade deal - The Ecologist

The Kenya summit hasn't changed what remains a fundamentally unfair system of global trade. But it did show southern countries can still stand up and prevent the rich world running roughshod over them. If you were to judge the outcome of this month's World Trade Organisation (WTO) summit by media reporting, you would come away with the impression that world leaders had made a major breakthrough. The WTO, which overseas global trading rules, met in Nairobi, Kenya, and attempted to break a nearly 15-year deadlock which has pitched rich nations against developing nations. The Financial Times hailed last week's summit as "a victory for the US and EU" and "the final nail in the coffin" of the so-called 'Doha Development Round' talks that had been deadlocked since 2001. Much of the rest of the media has echoed this general sentiment. If this were true, it would be a total disast...

Full article: http://www.theecologist.org/News/news_analysis/2986735/de...

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