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Today's Guardian comes with a trade supplement which I will link to below http://www.guardian.co.uk/wto/cancun/0,13815,1018998,00.htmlhere are some of the best bits IMHO. I will start off with an article by Kofi Annan no less. http://www.guardian.co.uk/wto/article/0,2763,1035796,00.htmlThe decisions taken by the trade ministers in Cancun could make the difference between opportunity and poverty, perhaps even between life and death, for millions of people in poor countries. Why? Because at last they will decide whether those countries will or will not be given a real chance to trade their way out of poverty. There are many issues in the talks, but two are especially crucial. One is the question of intellectual property as it affects health in developing countries. Aids, malaria, TB and other diseases are reversing decades of development gains and lowering life expectancies. Countries that cannot produce cheap generic drugs must be given the right to import them from nations that can.
This is a humanitarian issue. Indeed, it is a moral imperative. The other issue is much broader, and economically decisive for many developing countries: the trade in agricultural products. Farmers in poor countries, especially in Africa, must be given a fair chance to compete, both in world markets and at home. At present, poor countries are under pressure from rich countries to liberalise their markets. Yet they find that many of their products are excluded from rich countries' markets by protective tariffs and quotas. That is not fair.
Even less fair is the competition they face from heavily subsidised producers in those same rich countries. These subsidies push prices down, driving the farmers in poor countries out of business. In west Africa, for instance, some of the poorest countries in the world are losing more through depressed cotton prices than they receive in aid or debt relief. Even in the rich countries, poor farmers benefit least. Most of the subsidies go to the biggest farms and the largest producers. For humanity's sake, these subsidies must be phased out as fast as possible.Now another bit explaining the power of trade http://www.guardian.co.uk/wto/article/0,2763,1035795,00.htmlNow for Pascal Lamy, commissioner for Trade at the European Commission to explain the benefits of globalization http://www.guardian.co.uk/wto/article/0,2763,1035804,00.htmlThe WTO, often portrayed as the vanguard of untrammelled globalisation, is quite the opposite: it provides a framework in which member countries negotiate how to regulate trade and investment, and ensures the respect of the rules agreed by common accord.
If anything, the WTO helps us move from a Hobbesian world of lawlessness, into a more Kantian world - perhaps not exactly of perpetual peace, but at least one where trade relations are subject to the rule of law.
In a way, the WTO is the UN for trade, with the crucial difference that all countries have a seat in its Security Council. That is the best bulwark against unilateralism.
The rules are far from perfect, I admit. But I do not agree that they are intrinsically unfair to poor countries. The Uruguay round was not a bum deal for the developing world: since its conclusion, EU imports from developing countries have doubled, for instance. In agriculture, they have grown by 5% annually, and we are already the world's largest importer of agricultural products from developing countries. In textiles, EU imports from developing countries have soared by 60% since 1995. But more needs to be done. And last but not least, it would be rude of me not to post the George Monbiot article http://www.guardian.co.uk/wto/article/0,2763,1036422,00.htmlOf course there is plenty more for you lot to pull out. Make of all this what you will.
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