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Arabica Robusta

Trade Denialism Continues: Trade Really Did Kill Manufacturing Jobs - 0 views

  • The basic story on automation, trade and jobs is fairly straightforward. "Automation" is also known as "productivity growth," and it is not new. We have been seeing gains in productivity in manufacturing ever since we started manufacturing things. Productivity gains mean that we can produce more output with the same amount of work. Before the trade deficit exploded in the last decade, increases in productivity were largely offset by increases in output, making it so the total jobs in manufacturing did not change much.
  • The extraordinary plunge in manufacturing jobs in the years 2000 to 2007 was due to the explosion of the trade deficit, which peaked at just under 6 percent of GDP ($1.2 trillion in today's economy) in 2005 and 2006. This was first and foremost due to the growth of imports from China during these years, although we ran large trade deficits with other countries as well.
Arabica Robusta

Trump's Fake Critique Of Trade Deals Leaves Out Workers | PopularResistance.Org - 0 views

  • It’s not simply that Trump has effectively channeled their pain and anger through his rhetoric. The harsh truth is that Trump gets traction on trade—and his glaring defects get a pass from many—because he’s filling a huge vacuum in the country’s political discourse. For years, neither of the two main political parties has articulated a vision of international trade that puts workers, communities, and our environment ahead of corporate interests.
  • Only last month, the Obama administration, backed by corporate interests, successfully blocked the Indian government’s massive solar energy program by persuading the WTO that India’s promotion of domestic solar panel manufacturing violated WTO rules.
  • Clinton’s positions remind us that we have to resist the temptation to distill the trade struggle into a contest between candidates. Instead, we must build a movement for trade justice that rejects both Trump’s opportunism and the long-standing neoliberalism of the Democratic and Republican parties.
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  • In the coming weeks, many progressives will be working to ensure Donald Trump isn’t elected on Nov. 8. But the election of Hillary Clinton provides us no relief on global trade issues. Indeed, her anticipated victory will only extend a long line of presidents deeply committed to pro-corporate trade practices.
Arabica Robusta

Over Intransigence of Rich Countries, Developing Countries Win Mandate on Trade for Dev... - 0 views

  • While the International Monetary Fund (IMF), the World Bank, the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and others adhere to a rigid “neoliberal” ideology that favors deregulation, privatization, and the interests of the global North and the private sector over the poor, UNCTAD has a rich history of favoring people-centered development, promoting interests of the global South, and being a voice of the poor majority in international forums.
  • It is despicable that in a conference focused on trade and development, rich countries successfully prevented UNCTAD from calling for changes to the WTO, to allow more flexibility for development in poor countries. They even successfully blocked a call for a resolution to trade-distorting subsidies in agriculture that damage developing countries every day.
  • The EU and US even opposed inclusion of “Special and Differential Treatment” — the simple historical recognition of the fact that rich and poor countries have different economic capacities and need different rules to promote prosperity — although this was finally included.
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  • There are increasing efforts with global value chains, and a stronger mandate to work on their governance, so as to address unfair distribution of gains across the chain and the resulting detrimental impacts on employment conditions and inclusive growth .
  • Shockingly, developed countries even opposed inclusion of the issue of policy space. What is policy space? By this we mean that developing countries must be free from imposed international strictures and rules that go against their development needs.
  • After this conference, no country from the EU, nor the US or other developed countries, can claim to be in favor of developing countries’ escaping the debt treadmill.
  • Unfortunately, the rich countries’ club of the OECD has thus far dominated international discussions on taxation, which leave out developing countries and their development concerns. On taxation, UNCTAD 14 sadly became yet another example of how determined rich countries are to ensure the exclusion of developing countries, not just from decision making on tax matters, but also from the possibility of getting independent advice on how to stop the enormous losses of money they suffer from illicit financial flows,
Arabica Robusta

WTO Orders Sanctions Unless U.S. Cuts Consumer Labels, Disproving Obama TPP C... - 0 views

  • The massive text largely reflects the interests of the 500 official U.S. trade advisors representing corporate interests that had privileged access while the public, Congress and the press were shut out the secretive process: investor privileges that make it easier to offshore American jobs to low wage countries and retrograde terms that expose U.S. food safety, environmental, Internet freedom, health and other safeguards to attack and rollback.
  • Except the WTO just sideswiped Obama's TPP claims. Will he stand by his claim that 'no trade agreement is going to force us to change our laws? If so, Obama's Secretary of Agriculture, Tom Vilsack, did not get the memo. "Congress has got to fix this problem. They either have to repeal or modify and amend it," Vilsack said in May when the WTO issued a previous ruling on the case.
  • After previous WTO rulings, the United States has rolled back U.S. Clean Air Act regulations on gasoline cleanliness rules successfully challenged by Venezuela and Mexico and Endangered Species Act rules relating to shrimping techniques that kill sea turtles after a successful challenge by Malaysia and other nations. The U.S. also altered auto fuel efficiency (Corporate Average Fuel Economy) standards that were successfully challenged by the European Union.
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  • Sadly, this ruling is not a fluke. Two weeks ago, the WTO ruled that U.S. "dolphin-safe" tuna labels, which allows consumers to choose tuna caught without dolphin-killing fishing practices, were also a "technical barrier to trade" that must be eliminated or weakened.
Arabica Robusta

It's Time To Take A Stand For Workers On TPP | PopularResistance.Org - 0 views

  • Take, for instance, labor rights. While those promoting the trade deal said it would advance workers in member nations and allow the formation of unions, the actual language in the agreement offers only false promises of progress. In fact, countries with abysmal labor standards will have to do little, if anything, to comply with the commitments of the TPP’s labor chapter. A country may have to adopt a minimum wage, but even one penny an hour would be sufficient to meet the requirements of the TPP.
  • While elected officials often use hyperbole to talk about so-called critical votes they make, this is one time they won’t be. The lives of millions of Americans will beadversely affected if those on Capitol Hill ultimately vote to approve the TPP. That’s why we and our coalition partners are speaking out forcefully against this deal. And it’s why lawmakers must side with their constituents over corporate interests when they ultimately consider the trade agreement next year.
Arabica Robusta

Public Citizen Press Room - 0 views

  • “Apparently, the TPP’s proponents resorted to such extreme secrecy during negotiations because the text shows that the TPP would offshore more American jobs, lower our wages, flood us with unsafe imported food and expose our laws to attack in foreign tribunals,” said Lori Wallach, director of Public Citizen’s Global Trade Watch. “When the administration says it used the TPP to renegotiate NAFTA, few expected that meant doubling down on the worst job-killing, wage-suppressing NAFTA terms, expanding limits on food safety and rolling back past reforms on environmental standards and access to affordable drugs.”
  • “Many in Congress said they would support the TPP only if, at a minimum, it included past reforms made to trade pact intellectual property rules affecting access to affordable medicines. But the TPP rolls back that past progress by requiring new marketing exclusivities and patent term extensions, and provides pharmaceutical firms with new monopoly rights for biotech drugs, including many new and forthcoming cancer treatments,” said Peter Maybarduk, director of Public Citizen’s Access to Medicines program. “The terms in this final TPP text will contribute to preventable suffering and death abroad, and may constrain the reforms that Congress can consider to reduce Americans’ medicine prices at home.”
  • The TPP Intellectual Property Chapter would roll back the “May 2007” reforms for access to medicines. The TPP Environment Chapter would roll back the “May 2007” reforms by eliminating most of the seven Multilateral Environmental Agreements that past pacts have enforced. The TPP Investment Chapter would expand the scope of policies that can be challenged and the basis for such challenges, including for the first time ever allowing investor-state dispute settlement (ISDS) enforcement of World Trade Organization intellectual property terms and new challenges to financial regulations.
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  • The TPP E-Commerce chapter wouldundermine consumer privacy protections for sensitive personal health, financial and other data when it crosses borders by exposing such policies to challenge as a violation of the TPP limits on regulation of data flows.
  • TPP “Sanitary and Phytosanitary” chapter terms would impose new limits on imported food safety relative to past pacts. This includes new challenges to U.S. border inspection systems that can be launched based on extremely subjective requirements that inspections must “limited to what is reasonable and necessary” as determine by a TPP tribunal.
  • he TPP would ban the use of capital controls and other macroprudential financial regulations used to prevent speculative bubbles and financial crises.
  • he TPP procurement chapter would offshore our tax dollars to create jobs overseas instead of at home by giving firms operating in any TPP nation equal access to many U.S. government procurement contracts, rather than us continuing to give preference to local firms to build and maintain our public libraries, parks, post offices and universities.
Arabica Robusta

Europe's Ugly Future: A review of Varoufakis, Galbraith & Stiglitz - Foreign Affairs | ... - 0 views

  • Without a currency that could appreciate against those of her trading partners, German productivity increased and its technical excellence produced a declining real cost of exports, while in its European trading partners, deprived of currencies that could depreciate, stable purchasing power and easy credit produced a corresponding increase in demand for German goods.
  • Stiglitz concedes that austerity may eventually work, but he argues that even if it does, the cost is too high. Better to allow countries to declare bankruptcy and start over, just as individuals and firms can do in a domestic economy. Varoufakis and Galbraith dismiss austerity as flatly self-defeating, because low growth simply ends up increasing the debt-to-GDP ratio.
  • Germany has emerged almost unscathed—at least so far. Berlin has preserved the existing euro system, which advantages it as an international creditor, an exporter of high-quality goods, and a country that suppresses wage increases. It has enjoyed lower interest rates and higher growth than the rest of Europe, which has depressed the real cost of its exports, resulting in a trade surplus larger in absolute terms than China’s.
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  • Such options range from Grexit to his preferred alternative of breaking the eurozone into several subgroups, each with its own currency.
  • Varoufakis and Galbraith would likely sympathize with his proposal and clearly regret that Greece lacked the political courage to forsake the system earlier, when it could have done so more easily. Yet even the radical step of breaking up the eurozone, Stiglitz makes clear, would probably help deficit countries only if Germany agreed to increase domestic spending, rein in speculation, and reduce deficits
  • As Varoufakis writes, “All talk of gradual moves toward political union and toward ‘more Europe’ are not first steps toward a European democratic federation but, rather, and ominously, a leap into an iron cage that prolongs the crisis and wrecks any prospect of a genuine federal European democracy.” Thus, one is forced to conclude that short of a catastrophic economic crisis, Europe can do little more than continue to muddle through in a self-induced state of austerity, thereby undermining its future prospects and global standing.
Arabica Robusta

Victory at UNCTAD XIII - 0 views

  • In fact, in a private meeting between U.S. civil society and Robert Gerber, the Deputy Head of the U.S. delegation, he told us that he thought that analyzing “the global economic crisis” itself was outside of UNCTAD’s mandate, which was to focus on trade and development. I’m not sure how to make an argument that these things are not related, but I guess when you’re the United States at the United Nations, you don’t have to have a logical argument.
  • He also said the language in the text that was most important to the United States was on UNCTAD’s efficiency, effectiveness, transparency and accountability; we’re looking forward to seeing the U.S. push hard for similar issues regarding the International Monetary Fund (IMF) and U.S. aid in Haiti, among other places.
  • the non-EU bloc of developed countries) was asked directly at one point during the negotiations why he did not want this language included, the representative responded gruffly, “we don’t want any competition in intellectual thinking!”
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  • The former staff of UNCTAD were so concerned about the earlier drafts that they alerted the public through a letter, pointing out the spuriousness of the OECD countries’ objections, and highlighting the importance of UNCTAD’s role: This is neither a cost-saving measure nor an attempt to “eliminate duplication” as some would claim. ... [W]e all fervently believe in the value of maintaining an independent research capability that serves to focus inter-governmental debates on how the workings of the global economy affect developing countries.
  • Lobbying was also a key strategy. Jubilee USA and other allies successfully lobbied the U.S. to improve language on debt sustainability, and several European groups were able to mitigate the EU’s position through appealing to the Norwegian and Finnish governments.
  • On the third day of negotiations “upstairs” where the tough issues were being handled, Ambassador Wasescha made a surprising announcement. He said the JUSCANZ and the EU were prepared to accept the main controversial Paragraphs 16 and 17, if the G77 would give up the paragraphs supporting Cuba and Palestine. Delegates were outraged. It is common knowledge that countries utilize leverage in negotiations, and horse-trading is the norm. But rarely in diplomatic group negotiations is such tit-for-tat so explicitly expressed.
  • Next, the Palestinian negotiator took the floor. “I would like to inform you that a few minutes ago, the Israeli representative and I came to agreement on the text on Palestine. After futile meetings with the Europeans and the JUSCANZ in Geneva for months, we have come to agreement on language in fifteen minutes. So you cannot use this issue to obtain something else you want,” he said. Shortly after, the Cuban negotiator made a similar announcement that an agreement had been reached between his delegation and the United States.
Arabica Robusta

US wants S&D on its export credits, NO to SSM and food security - 0 views

  • The HKMD reads: "We agree to ensure the parallel elimination of all forms of export subsidies and disciplines on all export measures with equivalent effect to be completed by the end of 2013. This will be achieved in a progressive and parallel manner, to be specified in the modalities, so that a substantial part is realized by the end of the first half of the implementation period. We note emerging convergence on some elements of disciplines with respect to export credits, export credit guarantees or insurance programmes with repayment periods of 180 days and below. We agree that such programmes should be self-financing, reflecting market consistency, and that the period should be of a sufficiently short duration so as not to effectively circumvent real commercially- oriented discipline."
  • In sharp contrast to the joint proposal, the US maintained that the deadline for phasing out export subsidies must remain the same for both industrialized and developing countries. Under Article 9.4 of the Agreement on Agriculture, the developing countries are provided a longer duration as part of special and differential treatment flexibility. But the US wants to deny that flexibility and by suggesting the same time period for everyone, the US is disregarding the existing WTO provisions and the ministerial mandates, developing country agriculture negotiators maintained.
  • In a nutshell, the developed countries have resorted to an unprecedented form of cherry-picking to suit their interests by altering the existing ministerial decisions and mandates underpinning the four elements in the export competition pillar. But the same developed countries along with some developing country allies have launched a war-like effort to deny minimal credible developmental outcomes such as the permanent solution for public stockholding programs for food security and the special safeguard mechanism for developing countries, trade envoys argued.
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  • At the chair's meeting on Wednesday, the US said it cannot accept even the diluted provisions for export credits in the joint proposal, according to agriculture negotiators present at the meeting. The US demands, said an agriculture negotiator, is "tantamount to special and differential treatment only for itself and a broad exemption from multilateral disciplines."
Arabica Robusta

Major Summit Could Put World's Poorest Inhabitants on Corporate Chopping Block | Alternet - 0 views

  • Developing countries are also fighting to be permitted by WTO rules to invest in their own agricultural production and strengthen domestic food security programs that are currently permitted for rich but not developing countries, not even for Least Developed Countries (LDCs).
  • it seems that developed countries never intended to deliver on those development and agricultural reform promises, and have spent the last 14 years of the Doha Round sidelining development issues and instead working to expand the WTO’s neoliberal dictates on services, goods, agriculture and other issues. At the same time, they have taken their corporate wish lists to other forums, concluding the TPP and negotiating the TTIP, TiSA, ITA and EGA mentioned above.
  • This effort, which is the main fight in Nairobi, is even more pernicious because their goal is two-fold: abandon the development mandate, and then open up space to introduce all the new corporate issues they have been negotiating in the TPP, TTIP and other deals into the WTO, including investment, government procurement, disciplining state owned enterprises, and others. Many of these issues are not permitted to be on the agenda in the WTO while Doha is still being negotiated.
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  • In their letter, civil society highlighted that success in Nairobi must mean “[f]ulfilling the development mandate by strengthening SDT for all developing countries, removing WTO obstacles to food security, and operationalizing benefits for the [LDCs].”
  • The corporate and rich country government agenda of permanently abandoning the development mandate must be forestalled, along with the imposition of a set of already-rejected or ill-defined non-trade ‘new issues’.”
  • Experts have detailed how governments won’t be able to implement many aspects of the deal, however, if agreements like the TPP, TTIP [PDF] or TiSA come into force. Much the same could be said about the WTO. Developing country unity and North-South peoples’ solidarity will be essential to a positive outcome at the WTO. Let’s make sure that the United States, the EU, Japan, Australia and others realize that the imperative of development and public interests must come before corporate profit. A good deal should be struck in Nairobi. But if not, then no deal is better than a bad deal.
Arabica Robusta

US trying to scupper Nairobi outcome on food security - 0 views

  • In the face of sharply differing views, the chair Ambassador Vitalis said he will hold bilateral consultations with members in the coming days. However, it is unlikely that the chair's efforts will yield any result because of the continued diversionary tactics adopted by the US, the EU, and other industrialized countries, said an African trade envoy.
Arabica Robusta

The Corporate Assault on Latin American Democracy » CounterPunch: Tells the F... - 0 views

  • In recent years, Venezuela, Ecuador, and Bolivia have withdrawn from the ICSID Convention, all for similar reasons. These governments cling to the quaint notion that their societies’ resources ought to belong to the people who live there, and they view the ICSID as a way to grease the skids for the continued pillaging of said resources (which is usually accompanied, of course, by environmental degradation).
  • In any case, a withdrawal from the ICSID is not a shield from claims by private interests, and states like Venezuela and Ecuador are still staring at billions of dollars in potential compensatory payments stemming from a number of cases over the last decade. States cannot simply ignore these judgments, as it would be viewed like a sovereign default, with all the economic risk that entails.
  • As a recent McClatchy piece on a high-profile dispute between Oceana Gold Corp. and the government of El Salvador put it, “international investment laws are empowering corporations to act against foreign governments that curtail their future profits, “ and the ICSID is the vehicle these corporations are using to ensure that these profits are not threatened.
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  • … over two thousand bilateral and regional trade and investment agreements signed in the last few decades have created new rights for transnational corporations, including rights that humans don’t have: corporations have acquired the right to settle anywhere they want and bring with them any personnel they decide they need, they are allowed to repatriate profits without restrictions and even to litigate against governments in demand of profits lost because of democratically decided policies, not through local courts but via international arbitration panels shaped to defend business interests and where human rights do not necessarily prevail.
  • El Salvador effectively banned mining in 2008 and the policy has enjoyed bipartisan support there. This particular case, then – and there are other similar ones – raises very fundamental question about politics and sovereignty.
  • Although a tribunal recently judged that Venezuela has to pay ExxonMobil $1.6 billion for appropriated oil assets – a judgment that is now suspended as Venezuela seeks further amendments – the oil giant was seeking nearly ten times that amount, and the decision was hailed as a victory by the Maduro government.
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