In a statement issued on the eve of the RCEP meeting in Japan (March 3) the PCFS says that any agreement reached will mean the poorest member-countries will suffer.
The PCFS say that RCEP will be a neoliberal trade deal covering 3.5 billion or almost half of the world’s population with a gross domestic product of USD 22.5 trillion, and will strengthen the monopoly control of the biggest agro-corporations within the 10 members of ASEAN, India, South Korea, New Zealand, Australia, Japan and China and even in the world.
The PCFS adds that the move for a Free Trade Agreement is led by China and will benefit the biggest Chinese capitalists more than any of RCEP member-countries. Read the full statement below: Continue reading
24 September 2015: LDC Watch, the umbrella group for civil society organisations from Least Developed Countries has insisted that the Sustainable Development Goals will not succeed unless there are additional measures to help LDCs. These include an increase in ODI to LDCs, debt cancellation, technology transfer without intellectual property rights, measures to protect against the plunder of LDCs’ natural resources, common but differentied responsibilities and immediate finance to mitigate the effects of climate change. Continue reading
8 June: UNDP and UNAIDS are supporting demands by LDC governments and civil society to extend the TRIPS exemption for medicine, a decision that will be taken today (8 June) at the TRIPS Council Meeting. They say there is an urgent need for the international community to agree to measures to protect the health of people in LDCs
27 May, (devex) Richard Jones: Less than two months away from the third International Conference on Financing for Development in Addis Ababa, Ethiopia, many within the global development community are wondering whether top donors will step up to the challenge of financing the future sustainable development goals. Continue reading
London, 23 June 2014: The UN Under-Secretary-General Gyan Chandra Acharya for Least Developed Countries, (UN-OHRLLS) is flying to London to head a roundtable discussion on 24 June on the ways to ensure that the Sustainable Development Goals and the post 2015 Agenda benefit the 48 Least Developed Countries (LDCs).The current list of LDCs includes 48 countries: 34 in Africa, 13 in Asia and Pacific and one in Latin America Continue reading
Xinhua/Devex, 9 May: China will earmark more than half of its foreign aid for Africa and attach no preconditions, Chinese Premier Li Keqiang said on Thursday 8 May at a World Economic Forum meeting on Africa in Nigeria. “China will, as always, continue to increase its assistance to Africa in both quantity and quality to the extent of its ability, ensuring that more than half of its foreign aid will go to Africa,” Li said. Continue reading
Daily Star, Bangladesh, 2 March 2014: Rights groups yesterday urged the government to immediately take punitive actions against the multinational companies that are dodging taxes through misuse of ‘transfer pricing’.Currently, multinational companies account for 10-15 percent of the government’s tax collections, while local companies provide around 34 percent, said Monower Mostafa, executive director of Development Synergy Institute. Continue reading
– Myanmar is flinging open the gates to foreign investment, seen as key to the southeast Asian country’s future after decades of stagnation under military rule. From Coca-Cola and Unilever to Samsung and Fujitsu, the key brands of international companies can be seen hogging billboards. International firms seem excited by the untapped potential of a country of 60 million, described by consultants McKinsey & Company as nestled in the world’s fastest-growing region. But there are potholes on the way, experts say. Continue reading