India’s decisive stand last week not to adopt the protocol of amendment of the trade facilitation agreement (TFA) unless credible rules were in place for the development issues of the South was met with "astonishment" and "dismay" by trade diplomats from the North, who described New Delhi’s as "hostage-taking" and "suicidal".
The failure of the two major players in global trade negotiations to bridge their differences has put paid to the adoption of the protocol of amendment for implementation of the contested Trade Facilitation Agreement (TFA) for the time being.
In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
Food security is often thought of as a question of diversifying supply and being able to move food through areas plagued by local scarcity, relying on the global economic system – including trade and transport – as the basis for operations.
A group of developing countries brought a tectonic shift at the World Trade Organization on Friday by turning the tables against the industrialised countries, when they offered a positive trade agenda to expeditiously arrive at a permanent solution for food security and other development issues, before adopting the protocol of amendment of the contested Trade Facilitation Agreement.
The world of today is considerably different from the one at the end of the Second World War; there are no more any colonies, though there are still some 'dependent' territories.
The “fragility” of the World Trade Organization’s ‘Bali package’ was brought into the open at the weekend meeting in Sydney, Australia, of trade ministers from the world’s 20 major economies (G20).
African countries are coming under strong pressure from the United States and the European Union to reverse the decision adopted by their trade ministers to implement the World Trade Organization’s trade facilitation agreement on a “provisional” basis.
Inequality, poor infrastructure and declining trade are some of the problems that Latin America needs to overcome if the region truly wishes to achieve a “golden age”, according to Peru’s President Ollanta Humala.
The half-built Metsan Nexus complex towers over Istanbul’s Kartal district, just one of dozens of massive, high-end, multi-use development projects that are transforming the city’s skyline. On May 31, three men were working outside the building’s 16th floor when the construction scaffolding beneath them gave way, sending them plummeting to their deaths.
Activists working to alleviate poverty worldwide gave a guarded welcome to the renewed commitment to development that G7 leaders made during their meeting in Brussels this week.
With the level of Western aid to the world’s poorest countries declining amid the global financial crisis, economists are calling for “innovative” means of development that range from proper taxation of multinationals to laws that ensure gender equality.
More than 10,000 people living in the coastal Adriatic town Dubrovnik have done what many others in the region could never. They are holding a referendum on a controversial development project that they believe endangers their city.
As one of the world’s 48 least developed countries (LDCs), Cambodia is afforded the most beneficial trade ranking to the European Union (EU) under the generalised scheme of preferences (GSP)
known as the Everything But Arms (EBA) scheme.
Nearly 50 percent of Bangladesh’s primary school students drop out before they complete fifth grade, as crushing poverty drives them into the informal employment sector.