Civil society groups and global social movements gathering at the UN summit on the global economic crisis have denounced rich industrialized countries’ insistence on pushing forward unbalanced trade talks, misnamed “free trade”, as likely to exacerbate an already serious economic and social crisis.
Members of the Our World Is Not For Sale network [OWINFS] noted that deregulation of financial services through the liberalization of trade worldwide has been a major cause of the current global financial crisis.
Yet news from internal negotiations of the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development reveal that the European Union and the United States have insisted on pushing forward hitherto stalled and unbalanced World Trade Organization’s negotiations that will deepen liberalization of all sectors of the economy, and increase unequal competition worldwide. More here: http://www.tni.org/detail_page.phtml?&act_id=19633
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