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India Slams US Global Hegemony By Scuttling Global Trade Deal, Puts Future Of WTO In Doubt
Yesterday we reported that with the Russia-China axis firmly secured, the scramble was on to assure the alliance of that last, and critical, Eurasian powerhouse: India. It was here that Russia had taken the first symbolic step when earlier in the week its central bank announced it had started negotiations to use national currencies in settlements, a process which would culminate with the elimination of the US currency from bilateral settlements.
Russia was not the first nation to assess the key significance of India in concluding perhaps the most important geopolitical axis of the 21st century - we reported that Japan, scrambling to find a natural counterbalance to China with which its relations have regressed back to World War II levels, was also hot and heavy in courting India. “The Japanese are facing huge political problems in China,” said Kondapalli in a phone interview. “So Japanese companies are now looking to shift to other countries. They’re looking at India.”
Of course, for India the problem with a Japanese alliance is that it would also by implication involve the US, the country which has become insolvent and demographically imploding Japan's backer of last and only resort, and thus burn its bridges with both Russia and China. A question emerged: would India embrace the US/Japan axis while foregoing its natural Developing Market, and BRICS, allies, Russia and China.
We now have a clear answer and it is a resounding no, because in what was the latest slap on the face of now crashing on all sides US global hegemony, earlier today India refused to sign a critical global trade dea. Specifically, India's unresolved demands led to the collapse of the first major global trade reform pact in two decades. WTO ministers had already agreed the global reform of customs procedures known as "trade facilitation" in Bali, Indonesia, last December, but were unable to overcome last minute Indian objections and get it into the WTO rule book by a July 31 deadline.
WTO Director-General Roberto Azevedo told trade diplomats in Geneva, just two hours before the final deadline for a deal lapsed at midnight that "we have not been able to find a solution that would allow us to bridge that gap."
Reuters reports that most diplomats had expected the pact to be rubber-stamped this week, marking a unique success in the WTO's 19-year history which, according to some estimates, would add $1 trillion and 21 million jobs to the world economy.
Turns out India was happy to disappoint the globalists: the diplomats were shocked when India unveiled its veto and the eleventh-hour failure drew strong criticism, as well as rumblings about the future of the organisation and the multilateral system it underpins.
"Australia is deeply disappointed that it has not been possible to meet the deadline. This failure is a great blow to the confidence revived in Bali that the WTO can deliver negotiated outcomes," Australian Trade Minister Andrew Robb said on Friday. "There are no winners from this outcome – least of all those in developing countries which would see the biggest gains."
Shockingly, and without any warning, India's stubborn refusal to comply with US demands, may have crushed the WTO as a conduit for international trade, and landed a knockout punch when it comes to future relentless globallization which as is well known over the past 50 or so years, has benefited the US first and foremost.
Broke, debt-monetizing Japan, which as noted previously, was eager to become BFFs with India was amazed by the rebuttal: "A Japanese official familiar with the situation said that while Tokyo reaffirmed its commitment to maintaining and strengthening the multilateral trade system, it was frustrated that such a small group of countries had stymied the overwhelming consensus. "The future of the Doha Round including the Bali package is unclear at this stage," he said."
Others went as far as suggesting the expulsion of India:
Some nations, including the United States, the European Union, Australia, Japan and Norway, have already discussed a plan to exclude India from the agreement and push ahead, officials involved in the talks said.
However, such a move would clearly be an indication that the great globalization experiment is coming to an end: "New Zealand Minister of Overseas Trade, Tim Groser, told Reuters there had been "too much drama" surrounding the negotiations and added that any talk of excluding India was "naive" and counterproductive. "India is the second biggest country by population, a vital part of the world economy and will become even more important. The idea of excluding India is ridiculous." ... "I don't want to be too critical of the Indians. We have to try and pull this together and at the end of the day putting India into a box would not be productive," he added.
And yes, the death of the WTO is already being casually tossed around as a distinct possibility:
Still, the failure of the agreement should signal a move away from monolithic single undertaking agreements that have defined the body for decades, Peter Gallagher, an expert on free trade and the WTO at the University of Adelaide, told Reuters.
"I think it's certainly premature to speak about the death of the WTO. I hope we've got to the point where a little bit more realism is going to enter into the negotiating procedures," he said.
But the one country that was most traumatized, was the one that has never before been used to getting a no answer by some "dingy developing world backwater": the United States, and the person most humiliated, who else but John Kerry.
"U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible." "Failure to sign the Trade Facilitation Agreement sent a confusing signal and undermined the very image Prime Minister Modi is trying to send about India," a U.S. State Department official told reporters after Kerry's meeting with Modi.
Wrong signal for John Kerry perhaps, who is now beyond the world's "diplomatic" laughing stock and the man who together with Hillary Clinton (and the US president) has made a complete mockery of US global influence in the past 5 years. But just the right signal for China and of course, Russia.
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Ya, JL, we know you are.
Looks like Abraham's soul is turning in its grave now (again after ww1 & ww2) for more sacrifice of his offspring.
Ungrateful Indians.
Great job india. Stick it to the man. To john kerry: welcome to the third world you dick.
French fries, hold the ketchup. Please.
Now that is funny
PSST....I heard they are going to use poison gas......quick lets "nation build" them back into the fold.....
India US Puppet Show On WTO Deal
http://bodhita.com/india-us-puppet-show-on-wto-deal/
While India is threatening not to ratify the agreement in reality it has already made budgetary provisions for facilitating trade. Finance Minister Arun Jaitley has provided in his budget for Rs 110,000 million for development of ports and at the same time announced a single window clearance for imports. So, the threat for not ratifying trade facilitation treaty is in reality an empty threat.
India US Puppet Show On WTO Deal
http://bodhita.com/india-us-puppet-show-on-wto-deal/
everyone picks a side before they play football
Time to play ball
Those are the people Bill Gates are substituting American workers for.
Real nice.
Its becuz Bill Gates knows that drug addicted Americans can't deliver
Hey Tyler...where's the story on Hamas breaking the cease fire 90 minutes into the 72 hour truce? (crickets chirping)
http://www.cnn.com/2014/08/01/world/meast/mideast-crisis/
http://www.thegatewaypundit.com/2014/08/terrortunnels-hamas-detonates-su...
Which of course proves what this ex-Hamas man had to say...Hamas wants a body count.
http://reshet.tv/%D7%97%D7%93%D7%A9%D7%95%D7%AA/news/Abroad/Worldnews/Article,157781.aspx?utm_source=News+Article+-+Facebook&utm_medium=Reshet_Oficial_page&utm_campaign=News_article
Ah, links from sources that simply parrot what the Israeli government says. You're nothing if not honest.
http://www.dailymail.co.uk/news/article-2712656/Israel-Gaza-ceasefire-en...
Israel of course says the kidnapping took place 2 hours post ceasfire, justifying more shelling of civilians, but Hamas says the soldier was kidnapped before the truce and I tend to believe them in this case, just as I tend to believe past instances of Israel breaking ceasefires have always gone under-reported by the Zio-American media.
Indeed, as has been pointed out over and over and over again here - the Hamas rocket fire came only after multiple airstrikes that killed a couple dozen or so Palestinians in Gaza and the WB [plus home demolitions and mass arrests and mass beatings] after the kidnapping of 3 Jewish Supremacist settler teens in the West Bank - not done by Hamas - as multiple sources and commentators have now established.
Yet all we are subjected to from you dishonest, racist assholes is talk of hamas rockets causing it all.
Go fuck yourself, you zio threadjacking puke.
And if I were you - I'd get that kiddie porn off your machine. You never know who might rat you out...
Give him hell Duffy. The zioqueers need to be sent packing.
"It is ridiculous to say the Bali deal is dead," said a senior official at the trade ministry, referring to the Trade Facilitation Agreement (TFA) pact that was agreed on the Indonesian island of Bali last year.
"We are totally committed to the TFA, and only asking for an agreement on food security," said the official, who cannot be identified under briefing rules.
Another trade official said: "We expect that the (WTO) director general will call a meeting in September and we are ready to sign the deal in September itself, provided TFA and food security issues are passed together. We are quite hopeful for the deal."
http://in.reuters.com/article/2014/08/01/india-trade-wto-kerry-idINKBN0G...
i posted this story yesterday
this is BRICs' first shot on goal as a team in the premier league.
will they score?
India says WTO deal not dead, can sign in September if concerns addressed"We're just going to destroy the dollar"
And with it, the debt overloads. A bit ebola, a little war, with a touch of blogosphere. And the circus moves on.
Either the rulers of Japan are stupid, and think that by having a war with China they can open up the Chinese market or other markets, or they are up to something else. The fact that they are breaking out of their Peace Constitution and engaging in brinksmanship with China at the same time they are expanding trade deals suggests "something else". And that perhaps China is in on it.
In Japan, everyone not up to their eyeballs in the US led global money machine and the corruption that goes with it, must be thinking about how to escape from US domination and the financial grip that has been strangling them for 15 years. Surely many Japanese know they are tied to a sinking ship. I have no evidence, it is just pure speculation, but it must be true that they dream of winning their independence, and if so that many would be looking at Putin's call for de-dollarization with hope.
In this, Japan is a lot like Germany; but Germany, having leadership of the EU, having fattened on the privatization of Eastern Europe, and being hit much less hard by the economic depression unfolding over the past 15 years, is perhaps in a much stronger position for mounting a challenge to US domination. For the Japanese ruling class to engineer an escape from the Empire, they would need someplace to go (like the BRICS alliance, maybe expanded to include Germany.) It's also possible they believe they would need a sufficiently powerful and indepent military to be able to face down a challenge from the US occupying force. Which would mean nukes and the ability to deliver them.
I wouldn't bet the farm on it, but it seems very possible Japan's confrontation with China is a ruse to justify the military buildup they need to declare independence. In which case India's move to quit the WTO would be not a choice against Japan but rather more preparing the ground.
In the final analysis, if you were getting your ass kicked then noticed a baseball bat, would you use it?
That’s a nuclear weapon.
Japan has drones and robots and nuclear material and can probably spin-up an “Iron Dome” very rapidly.
Japan will be fine.
And after Bush gave then access to all that great Nukular stuff
Ungrateful bastards
"arrogance porn" I like that, mucho gracias.
what is it with years that end in "14", and dominoes?
Ports are not only used for US trade. That could be setting up trade with China, Brazil or any place else. India trade will grow so you need ports to ship.
End game is when Israel starts using Europe more as their bulldog instead the DC US.
Bojangles shoule have another State Dinner with the Indian Prime Minister. Have the White House chef serve up some Beef Stroganoff.
Bojangles shoule have another State Dinner with the Indian Prime Minister. Have the White House chef serve up some Beef Stroganoff.
The trade dea is bad Obama wants it. Yea India.
To cut to the chase, who the heck wants to be friends with USA Inc?
We don't follow our own laws, we grant the incorporated immunity from all harm, we mask fiscal insanity with "stimulus" and we screw our friends the world over with surveillance and war-for-profit.
Who can blame anyone for wanting to ditch the red white and blue.
Maybe Alan Greenspan can remind everyone that "no one saw it coming."
Clear signal to fund rebel groups with money and modern weapons, hire Al-Qaeda thugs and turn them loose on India. It worked in Libya, Iraq, Syria and other places. America is the enforcer of globalozation and dollar hegemony. Either sign or face a proxy war. Russia knows only too well, as does Syria. Iran, for some strange reason avoids the US attacks that all see coming. This makes me wonder if Iran does not harbor a handful of nuclear weapons, perhaps bought from Ukraine when they denuked and thousands of warheads were floating around inside the failed state after the USSR ended.
So,
if India rejects the WTO deal,
how long before the US unleashes
Nuland and the NGO thuggees ?
They already did but failed.
NGOs are only CIA funded American agents who take to streets whenever their American masters sound a bell.
(Some are EU funded too , but they are all the same , Pirates band)
I love the smell of deglobalization on a Friday night.
Silly people mistakingly named after Native Americans.
how did they get away with that anyway
must have been the damned mosad
The US was revealed to the world as the false capitalist god when it bailed out the banks in 2008.
The central idea seems this: To take down the (former constitutional republic known as) USoA. Look how many stories and developments signal this end! From "stupid" leaders -- not so blind as to lead the blind sheeple into a FEMA ditch, rather to head underground at the drop of a hat or two -- to self-defeating sanctions and other foreign policy "blunders" to a not-so-federal bankster clique ensuring the demise of the Federal Reserve Debt Note as a "reserve currency".
Add in poisonous vaccines, government/corporate sponsored high-tech diseases (ebola anyone?), GMOs, toxic food additives to add spice to your fluoride-spike water.
Time to reassess your neighbors, form self-sustaining community groups when the SHTF, me thinks.
As usual, Russia is the lead power that 'crosses the Rubicon' - they have great power and courage - they had the balls to stand up to the U.S. and push back against its global hegemony.
Now other powers are taking courage from Russia's example and kicking the U.S. right in the balls. China, India et. al. will 'set this f'er off' and we'll see the great collapse of 2014 much accelerated.
Can Germany be far behind? Stop being a U.S. doormat, Angie Baby! Get in touch with your inner Tapferkeit!
India and Russia have long been trading partners for decades and have a great relationship (all around). China, however has great relations with Pakistan (*Afghanistan?), but does have incidents over the 'Line-of-Control' concerning India. The one caveat being Kashmir, regarding the demarcation left by the British. Pakistan and India have gone to war several times! The British fucked-up everything when they cut-and threade the infamous 'Durand Line', which basically fucked Pakistan-- but, also the Indian's! It is actually very hard to figure out today, which countries... Pakistan/ Afghanistan or New Delhi, hate the British moar?!?
India, China, and Russia (incl., but with geography being but a small, ie., S. Africa & Brazil) make up the bulk of the Eurasian Silk Road?
The beauty of the coalition is the integrated web of benefits and to mete out disputes before they mestastasis. India and China could benefit big tyme with Russia, or any other contributions of unknown varibles regarding EM's! It is a perfect penta`tryst'gram?
Note: The USSA has promised the ME Arab Alliance with it's central nervous system?, that is to say, Cairo,... an absolute tyrannical-Nationalistic (who killed Nasser, and who deposed of Morsi-- and, who destroyed the MB?) leader named a`'Sisi'... forever in control! Where was BandarBush when all this shit started in Ukraine and the SA $$$?
Note2: Iran has no problem with the Russian's, nor Iraq for that matter-- which includes Syria. The problem was/is Turkey?... who seems ready to cut NATO loose and take sides with Russia. The Saudi's fucked Erdogan, and made him a fool. Erdogan will not let the Kurdistan northern tier (Syria/Turkey/ Iraq/ and Iran) stand, period! The USSA is trying it's hardest to fragment the ME ever since the British had a lock on it during the Ottoman Empire,... when all the Limey's had to do in Constantinopal was deal with 'Sultan Mehmed VI (Caliph of Islam), until the 'Great Balkanization'!
This balkanization is what the USSA has in store for Russia? But, it will never happen when China and Russia realize (if not several years back) it's indeed tyme to unite or be Americanized! You see the USSA wants all of Russia's natural resources, and energy to strengthen Europe and its pocketbook. Just as they wanted Chiang Kai-shek to rule China?
So, India slams the door shut on Americana! What's new,...
jmo
Kashmir
The top poodle UK has already stated about discussing Kashmir in its parliament as if Kashmir belongs to UK.
Fine if thats the case then Russian parliament should discuss American Indians, Hawaii & Puerto Rico , make decisions and publicise. Similarly, Indian Parliament should discuss freedom to Scotland as well as discuss and slam UK govt for its past treatment of Irish militia as genocide as well
The evil axis of USA+UK must stop .
They are the Gog & Magog .
Why do you bring less than half the story? This is what Reuters also said: "India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday."
India depends on upstream China's hydo-dams,and their precious water (just as Egypt is dependent on the Sudanese and Ethiopians Nile [both White! and blue?] upstream?-- and iraq is dependent on Syria which is less dependent on Turkey's Euphrates and Tigris origins) for energy.
The eco-system in that quadrant of the world is dependent on abundant access of water for agri & fishing.
China will reign in (the ISI controls the AfPak military) Pakistan. Period!!! Money will be no moar problem.
Iranian oil will flow into Pakistan, and threw to India (IPI) without fear of sabotage. TAPI already serves China.
Russia will service China's energy needs big tyme!
One must realize that China, Russia and India are kissing cousins, and have been for eon's!
So what's your point?
One item that I am certain India has not forgotten about. The Mumbai attack a few years ago. The perps stayed at certain facility run by Israeli's.
Suggest we avoid Air India flights for a while.
Heard in the Obala House in Washington
When Modi visits in September - I have my Nobel Peace Pipe for him - not to smoke but to to ...ve it up.
He just screwed up the distraction i had organised for the massive fuck up in the Ukraine.
It also appears that .the US is fast loosing it's hold on the world.
No more unipolar
Desperate men frothing at the loss of control over the globe and the imminent lossof their currency.
A very dangerous period for the very concerned rest of the world
India of course can expect some earthquakes and tsunamis in the near future. Warning was sent 31/7. 6.2 on the Richter
We got the nukes baby. If we can't rule the world than nobady can. Give us what we want or we vaporize everybody. It works like a dead mans switch.
looks like Kerry responded by sending out "I'm an arrogant scumbag" signals. Just the sort of thing that has got the US the particular worldwide respect it has today.
the usual response by the US when it doesn't get its way is an uptick in terrorism, false flags and propaganda campaigns. Batten down the hatches!
WTO is a dieing orginazation because all large countries realize there better off with bilateral trade deals then WTO treaties.
WTO enforcement is a joke and basically everyone has given up on it as anything other then a place to lodge a symbolic protest.
WTO is only useful to smaller countiries that don't have much to offer in bilateral deals and multi-national companies that cant negotiate bilateral deas.
Once India and Brazil relized they were large enough to be better off with Bilateral deals all new WTO Treaty's slammed into a brick wall.
Good for you India finally a country with Balls! WTO is shit, Nafta is shit and the worst is the TPP. Screw these trade scams!
No kidding. After placing Mr. Modi on the "No Visa List" for a good number of years, do you think he'll be eager to INCREASE Trade Activities w/the USA?
India has made a great sacrifice in showing the middle finger to WTO and embracing the new untested BRICS alliance and the mutually uneasy economic relationship with China. But bold leader (Modi) makes bold moves and he is prepared to move on and let the chips fall.
BRICS shall reciprocate to India's gesture. Each pump shall strengthen the muscle of the alternative BRICS. It shall hopefully undermine TPP that China detests.
Kudos - Modi's India
TPP is a US attempt to corner the market for food. Monsanto is the cornerstone. Ever wonder why the US gov't spends so much time, energy and taxpayer money promoting a private company. Bribes may work for most but India and China are lookin out for their own constituants. TPP has been kept a secret for a reason.