Do you know that there is a country up for sale? Do you know that its finance, agriculture and retail sectors are being put ‘on the market’? Perhaps you are already aware of this due to various media reports. But then again, maybe you are not because it’s all being carried out behind closed doors in Brussels. The EU-India Free Trade Agreement (FTA), something that could fundamentally restructure Indian society and impact the lives of hundreds of millions, is being negotiated ‘on the behalf of the public’ by politicians on both sides who are champions of the type of economic liberalisation that has already been responsible for bankrupting many Western economies.
Negotiations began in 2007, covering a wide range of areas, including various goods, products and services, as well as investment rules, government procurement; and intellectual property rights. After 16 rounds of talks, the issues are still being fine tuned. ‘Developed’ countries are resorting more and more to these types of bilateral trade agreements with individual developing countries because they want to continue to push their free trade agenda that was rejected by developing countries at the World Trade Organisation.
The EU-India FTA essentially represents the demands of big business in the West and results from their strategic hegemony over government bureaucracies and politicians. With Western economies in crisis, India represents potential ripe pickings for transnational corporations’ never ending compulsion for profit.
(...)
Call it ‘globalisation’ if you must, but let’s call it for what it is: imperialism. In an effort to maintain profit margins, elite concerns are going abroad to plunder public assets, exploit human labour and trample over local economies and communities. The worst thing is that it doesn’t have to be this way. Once India’s political leaders began to place emphasis on ‘deregulation’ and cede power to ‘the market’, the green light was given for transnationals to hollow out Indian society. Full story...
Related posts:
Negotiations began in 2007, covering a wide range of areas, including various goods, products and services, as well as investment rules, government procurement; and intellectual property rights. After 16 rounds of talks, the issues are still being fine tuned. ‘Developed’ countries are resorting more and more to these types of bilateral trade agreements with individual developing countries because they want to continue to push their free trade agenda that was rejected by developing countries at the World Trade Organisation.
The EU-India FTA essentially represents the demands of big business in the West and results from their strategic hegemony over government bureaucracies and politicians. With Western economies in crisis, India represents potential ripe pickings for transnational corporations’ never ending compulsion for profit.
(...)
Call it ‘globalisation’ if you must, but let’s call it for what it is: imperialism. In an effort to maintain profit margins, elite concerns are going abroad to plunder public assets, exploit human labour and trample over local economies and communities. The worst thing is that it doesn’t have to be this way. Once India’s political leaders began to place emphasis on ‘deregulation’ and cede power to ‘the market’, the green light was given for transnationals to hollow out Indian society. Full story...
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