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Nicaragua’s Ortega asks US, EU to start free trade ’compensation funds’
The Associated Press | February 28, 2007
Nicaragua’s Ortega asks U.S., EU to start free trade ’compensation funds’
MANAGUA, Nicaragua: President Daniel Ortega has asked the United States and the European Union to set up "compensation funds" to offset the effects of free trade and globalization on poorer nations like Nicaragua.
Ortega said Wednesday that he had broached the idea with representatives of the EU - with which Nicaraguan is discussing a possible trade deal - and the United States, which along with Nicaragua is part of the Central American Free Trade Agreement.
"We have explained to the Europeans that if there is no compensation fund, the association (agreement) would have no future," Ortega told a meeting of businesspeople.
"We want a globalization with opportunities, with fair trade, which takes the issue of social justice to heart," he added.
While Ortega did not specify how such a fund would work, he mentioned EU internal transfer programs designed to bring poorer union countries up to speed with richer nations.
"If the developed countries do not take into account the asymmetries, the problem of poverty - which creates the security problems - cannot be combatted," Ortega said.
Free trade proponents argue that increased commerce and investment inherently help combat poverty. But Ortega says many businesses and farmers in smaller countries cannot compete with agricultural subsidies and economic advantages enjoyed by producers in wealthy nations.
The United States already gives Nicaragua millions in foreign aid. On Tuesday, U.S. Assistant Secretary of State Daniel Sullivan confirmed that Washington will send the Central American country about US$250 million (€190 million) in the next five years.
News from the movements
25-Aug-2016 RTSome 2,000 members of the American Postal Workers Union have gathered in Miami where they are officially opposing the Trans-Pacific Partnership.
24-Aug-2016 Deutsche WelleHundreds of thousands of protesters are expected to take to the streets in several German cities to rally against plans to move forward with two key international trade agreements - one year after a similar protest managed to attract similar numbers.
23-Aug-2016 APRNNeither the TPP nor the RCEP, neither the US nor China and their corporations will ever address the long-standing people’s aspiration for an international trading system that responds to their needs.
23-Aug-2016 ScoopCivil society groups, trade unions, church groups, environmentalists, gender activists and many more are calling for Ministers to make no decision on PACER-Plus — a free trade agreement between Australia, New Zealand and the Pacific Islands — until there has been a proper social impact assessment and mandate from the Pacific people who are most likely to be affected.
22-Aug-2016 Radio New ZealandA meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.
Avec de nouveaux accords commerciaux, le vol organisé par les multinationales est légalisé et les semences paysannes deviennent illégalesDe nouveaux accords de libre-échange légalisent le vol organisé par les grandes entreprises et mettent en péril la possibilité pour les agriculteurs de conserver, produire et échanger des semences.
22-Aug-2016 El PaísEl secretario de Relaciones Internacionales del Pit-Cnt, Fernando Gambera, afirmó tras participar del XVI Foro Social Mundial realizado en Montreal (Canadá) que los Tratado de Libre Comercio (TLC) son una preocupación para todas las centrales sindicales porque "apuntan a degradar las conquistas de los trabajadores".
22-Aug-2016 Premium TimesSocial Action has asked the federal government to not to sign the Economic Partnership Agreement with the European Union. Ghana and Ivory Coast have also resisted the EPA
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