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.
India is hoping to persuade the UK to weave in provisions of the bilateral migration and mobility agreement, that allows enhanced opportunity for young professionals to live and work in each other’s countries.
Britain struck a deal to join an 11-country trans-Pacific trade pact which includes Japan and Australia as it looks to deepen ties in the region and build its global trade links after leaving the European Union.
On the strength of Nigeria’s estimated 200 million population and huge market, she was tipped as the biggest potential beneficiary of the African Continental Free Trade Area (AfCFTA) Agreement. However, two years after trading commenced on January 1, 2021, Nigeria is yet to begin practical implementation of the trade pact.