Monday 15 April 2013

Predatory EU pacts

Predatory EU pacts

EU is pushing India and Canada to sign free trade agreements that will hurt their generic drugs—and the outrage is global

Investment terror

Since the 1990s developing nations have been on a treaty spree, signing a vast number of bilateral and regional investment treaties to attract funds for development. But as the figure of investment treaties has shot up so have the claims for damages from investor companies, which are seeking billions of dollars in compensation on account of regulatory laws. Poor countries are finding that footloose investments are cutting access to water, damaging public health and the environment, and endangering ethnic communities. As transnational firms challenge regulatory laws, countries are forced to retract, and pay damages. Rich states have become equally vulnerable. Latha Jishnu  sifts through case studies and speaks to international lawyers, academics, researchers and development experts to uncover the hidden dangers of investment treaties. The most chilling feature is the role of a cabal of claims attorneys who are making colossal profit at the cost of nations, and sustainable life

Investment terror

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  • This is a very commendable

    This is a very commendable and exhaustive story about the India-EU free trade agreement that I have come across. It is very sad that the primary sector decision makers are keeping silent about the ill effects of FTA with EU. The automobile industries sector has already raised their voices demanding a level playing field. The primary production entities are still smarting under the corporate farming enhancing policy bias witnessed in the central budget 2013-14 and the recent announcement on partial decontrol of the sugar industries. The roadmaps for a slow and steady march towards corporate take -over of the agriculture and allied activities has been there since 2002-03. It is only getting clearly now and the defining moment was in FDI in multi-brand retailing. Any surprises that stubbornness of food price inflation did not make the policy shenanigans lose any sleep?
    The environmental damages will be exacerbated and India will become more vulnerable to many other arm-twisting agreements. Unfortunately at the legislature level too not many seems to be concerned either and that is indeed a serious cause of alarm.

    Posted by: Anonymous | 3 years ago | Reply
  • A matter of grave

    A matter of grave concern...
    We should not allow our government to sign this treaty...

    Posted by: Anonymous | 3 years ago | Reply
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