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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.
Upcoming days of action
Oct to Nov: autumn of action against CETA in Europe incl. Austria, Belgium, Bulgaria, France, Italy, Germany, Greece, Netherland, Slovenia, Spain... - details
27-28 Oct: mobilisation in Brussels against CETA - contact
03-05 Nov: mobilisation in Brussels against TTIP - contact
4 Nov: Continental day for democracy and against FTAs & neoliberalism in Latin America - contact
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News from the movements
20-Oct-2016 El DiarioHoy es un día clave en la defensa de la democracia tal y como la hemos entendido hasta ahora.
20-Oct-2016 Bangkok PostAccess to affordable medicine and farmers’ control over seeds could be undermined by the Regional Comprehensive Economic Partnership being negotiated between Asean member countries and six other trade partners, says FTA Watch in Thailand
20-Oct-2016 CEOA close look at the controversial EU-Canada trade deal shows that concerns blocking its ratification are well-founded.
19-Oct-2016 Telesur“We don’t want what happened to us to happen to the people in Dakota,” Piaguaje told teleSUR.
18-Oct-2016 Peoples WorldIn protests billed as “anti-colonial” demonstrations, Peruvians hit the streets on 12 October against the Trans-Pacific Partnership and the Trade in Services Agreement
17-Oct-2016 No al TTIPEn el marco de una semana repleta de protestas para detener la aprobación del tratado de libre comercio entre la Unión Europea y Estados Unidos (TTIP) y la ratificación del CETA (el acuerdo de la Unión Europea con Canadá), la plataforma estatal ‘No al TTIP’ ha movilizado este sábado a miles de personas a lo largo de la geografía española y muy especialmente en la capital de España.
17-Oct-2016 Stop TTIPOver 100 law professors from across Europe have come together to send a clear message to EU decision makers demanding the investor protection mechanisms be excluded from TTIP and CETA.
17-Oct-2016 The Jakarta PostAn activist group is calling on the government to not ratify the ASEAN Regional Comprehensive Economic Partnership (RCEP) clause on International Union for the Protection of New Varieties of Plants (UPOV) 1991, saying that it will increase global corporations’ monopolistic control over small farmers.
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