Indonesian Civil Society held a protest today in front of the US Embassy in Jakarta to express its rejection of the IPEF. In the midst of the global economic crisis, the US is trying to rebuild its national industrialisation with a less open free trade agreement and push for policy harmonisation based on US standards.
The idea of ‘Trade in services’ is an artificial creation of the late 1970s and 1980s, designed to bring the social and public phenomenon of services under international ‘trade’ rules that would work for corporations.
The deal as negotiated is in principle a neocolonial, extractivist instrument: intended to secure EU imports of commodities and raw materials from South America, while increasing EU exports of industrial and chemical products.
Efforts to curb the ruinous business practices of the Big Tech corporations are at risk of being impeded by “digital trade” rules negotiated in international trade pacts. It is time to overturn this anti-regulatory agenda in favour of a governance model that prioritizes digital industrialization and data as a public good.
A Free Trade Agreement between Ecuador and Canada is not in the interests of Indigenous peoples, territories or the environment. The FTA will only be another instrument of corporate power, wielded by the national elites to deepen the rationale for devastation.
Britain and Singapore have started talks on a new treaty that will improve the flow of investments between the two countries. The UK-Singapore Bilateral Investment Treaty (UKSBIT) as it is called will supersede the existing pact that came into force in 1975.
The fourth round of negotiations on the proposed Sri Lanka-Thailand Free Trade Agreement (SLTFTA) was held to increase Sri Lankan exports’ access to the Thai market and to reduce existing non-tariff barriers.
The UAE launched the CEPA programme in September 2021 to expand its trade and investment partnership with several strategic global markets, increase the size of trade exchanges and enhance growth opportunities for national exports.
The RCEP will likely take effect for the Philippines around June, a Trade official said. This as the Department of Trade and Industry (DTI) aims to deposit the instrument of ratification for the Philippines’ participation in the mega-trade deal by April 3.