“The consequences of mega-FTAs on trade, labor and employment is much shown in many developing countries where, in order to maintain competitiveness, must adhere to “lowest common denominator rules” rather than meeting the highest possible standards. Recent developments in trade liberalization have permitted monopoly capitalists to dictate the cheapest value of labor and other production facilities, thereby disregarding decent standards, to accumulate bigger profit.”
After 22 negotiation rounds and several missed deadlines, the 10 ASEAN countries and their 6 free trade partners will meet again in July 2018 to try and move forward the Regional Comprehensive Economic Partnership Agreement. While India’s hard stance on certain issues like tariff reduction has been a big factor in slowing down the past […]
More than 80 representatives from trade unions, peasant communities, indigenous peoples, health networks, and women’s organisations met on 27-28 July in Kuala Lumpur, Malaysia to strategize around how to defeat the Regional Comprehensive Economic Partnership (RCEP) and other emerging mega-regional free trade agreements (FTAs) in the region.
With the lackluster performance of the WTO negotiations in the past years, monopoly capital has renewed its focus on bilateral and regional free trade agreements (FTAs). This reorientation aims to push contentious issues that would otherwise not be possible to advance within the context of a multilateral trade regime such as the WTO. This strategy […]
The Regional Comprehensive Economic Partnership (RCEP) is a mega-regional trade deal that covers half of the world’s population, 38% of the world economy and nearly 30% of the world’s trade volume.
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