Trade and Investment
Does BRICS still offer an alternative model of development that can address the current global crisis? Is this grouping of the emerging economies of Brazil, Russia, India, China, and South Africa actually challenging the hegemony of the old powers for the benefit of the rest?
2015 is a significant year in the history of the International Free trade regime, as its key multilateral instrument, the World Trade Organization (WTO), completes 20 years. Two decades of the WTO have raised many questions, most significantly, is the WTO relevant to small and marginal farmers in the Global South? This question remains relevant as developing countries continue to fight for protection and gains for their small and marginal farmers.
More than 80 participants representing trade unions, farming communities, indigenous peoples, health networks, women’s organisations, academia and civil society organizations met on 27-28 July in Kuala Lumpur, Malaysia to take stock of the new generation of mega regional free trade agreements (FTAs) emerging in the region. The group shared concerns on the threats to people’s lives and livelihoods posed by the Regional Comprehensive Economic Partnership (RCEP). The RCEP is a mega FTA that 16 countries from the Asia-Pacific region are aiming to finalise by 2017.