This page has been archived and commenting is disabled.
WTO Dying a Slow Death
What was yesterday’s lifesaver to bring about trade between countries and to bring down the barriers is today’s thorn in the side of the world. The WTO is dying a slow and painful death and has neared the end of its life today. As the global agreement collapses amidst the Indian demand to be able to stockpile food for itself and for countries that are developing around the world, the WTO cannot live much longer. It will be dead within a short while.
There’s no salvaging of anything today even after the 11th hour negotiations to get India to back down on its demands. The deadline for signing the deal was set at midnight on Thursday and the 160 members of the WTO have failed dismally to come to an agreement.
Telling times of the world today in which we live
Everybody is receding into the recesses of their own interest rather than making concessions to anyone. TheWTO is relatively young and was only founded two decades ago but the life it has lived is now obviously coming to an end. No deal can be reached on global trade and that would have been a world’s first in itself.
The Director General of the Geneva-based organization Roberto Azevêdo stated: “We have not been able to find a solution that would allow us to bridge that gap. We tried everything we could. But it has not proved possible. The fact we do not have a conclusion means that we are entering a new phase in our work – a phase which strikes me as being full of uncertainties”. The future is not full of uncertainties at all. One certainty is that it’s impossible to reach a global trade agreement.
The WTO will just be the wise old fool that people go to in order to settle disputes if it lives on in any capacity. But, it is certainly not going to be the instigator of anything that is remotely likely to reduce trade barriers or to set up a forum for the liberalization of trade talks.
But, it’s the West that was unable to give in and yet it had the most to gain from an agreement like the one being put forward. The inflexibility, the stiff rules and regulations that people never want broken will leave some out in the cold and will also leave developed countries without that extra mile that they need to go to improve their economies. India will be stockpiling whether they get the agreement of the WTO or not.
The Australian Minister of Trade Andrew Robb stated: “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. There are no winners from this outcome, least of all those in developing countries which would see the biggest gains”.
India said that it wanted to return to the negotiation table and hammer out a deal, despite not reaching one here and now. That simply means that they are open to getting what they want and if they don’t then the talks will just be endless. What the developed world doesn’t like is that India has stood up and will be towering over the West much to their dismay.
India was even threatened with being excluded. How can you exclude the second most populous country in the world from a global trade agreement? Easily, if you are focused on your own interests rather than anyone else’s. Drama and kids playing in the sandpit out in the back yard rather than high-level negotiations on a trade agreement that would bring down barriers around the world.
But Bali in December 2013 favored big business and left the developing countries on a shoe-string. It was exploitation at its best and that’s why it will never be accepted. Azevêdo was even tearful at the closing ceremony in Bali and said that “For the first time in our history, the WTO has truly delivered”. Delivered what? They hoped that they had delivered a means of boosting the developed countries’ economies.
The WTO took twenty-odd years to get to a global agreement and it still hasn’t got there. The deal would bring in $960 billion in trade, but that wouldn’t be for the world’s poorest. The scheme by the Indian government to pay farmers a minimum wage, stockpile food and feed 800 million is worthless by comparison of the billions that developed countries would get. Feeding people doesn’t stand a chance when the dollars are being notched up. We know that already.
Perhaps the WTO should be allowed to die after all.
Originally Posted: WTO Dying a Slow Death
»
- advertisements -
Think maybe you could define 'WTO' the first time you use it in your article?
WHAT?!?!? You mean these developing countries want to act in their own best interest rather than that of the global collective? What the hell is wrong with them? Haven't they heard about Obama's "Smart Dilpomacy" (TM pending)? Modern govenments are supposed to reduce their respective countries to the lowest common denominator.
Geesh. Some people.
The WTO should be the WMTO--The World Managed Trade Organization.
Good riddance freak
that deserves a +10.
India puts GM crop trials on hold - http://www.theguardian.com/environment/blog/2014/jul/31/india-gm-crop-tr...
Standby for famine.
The world better wake up to GM pOiSoN crops soon. Good for India, now what the hell is wrong with the USA ??
A quick death would be better.
When push comes to shove, Nationalism will trump Globalism EVERY TIME!
Free trade for Russia, China, India, Brazil and South Africa but no trade for the US.
Impeach Obama.
DOZENS FROM EBOLA-STRUCK COUNTRIES CAUGHT SNEAKING INTO USAIm sneaking them in and giving them free bus tickets to Washington, and se... BANG
WTO is nothing more than a cartel that supports a world government. The notion you can prescribe rules to establish quotas in a quasi capitalistic world where all countries are bent on serving their own needs first, is ludicrous.
It's the age of Aquarius bitchez! The giants are a fallin'
Imminent death of the WTO would be something to celebrate, but I think the most realistic expectation is for something far worse to replace it.
Aside from the huge future profits to be reaped by GMO companies, what HARM is done by India's demand to be able to stockpile food for its people?
It seems that agra-business and multinational food corporations want to contol the entire world's food supply. If that is the reason for the WTO's existence, better to shut down down the WTO permanently.
Yes they do.... and they are poisoning us too.
Proof>>>>>>
http://youtu.be/oqB4L-V67iM
My thoughts exactly. The WTO forces countries to accept GMO foods under penalty of reprisal. The developing world really doesn't need this gun pointed at it's head.
When empire falls their tentacles are sniped one at a time.
WTO was a useless organization anyway. The American oligarchs wanted it to tie the hands of governments. It failed.
USA was the only country who followed the WTO's so called trade "rules", then countries like China and India gave the WTO the middle finger.
So long WTO !!.. You wont be missed !
Wrongo.
The US lost a WTO case to Canada over softwood subsidies. The US lost the case and was levied a major fine to pay to Canada, they never paid.
The world doesn't trust the good old USA anymore.
Re: oudinot 9:23
As I recall, the US retaliated to this ruling by banning Canadian lumber products and then meat products (after the American cow in Alberta tested positive for mad cow disease).
I believe the entire reason for this was Chretien asking the U.S. to get Security Council approval for the invasion of Iraq before Canada would commit any troops to the Iraq occupation.
A global energy glut will more than suffice thank you very much.
Yes, wake us when it gets here...
The WTO wants to cram GMOs down everyone's throat and wants everyone dependent on their Monsanto GMO seeds. They want to be able to over-ride local anti-GMO bans.
They don't want anyone controlling and storing their own food like India is insisting on. They don't like Australia safety testing Big Pharma drugs sold to Australians. They want to control the Internet as specified in the new Trans Pacific Partnership (TPP) that most countries are now rejecting.
This is all part of the massive world control the Jesuits and their Rothschild banker agents are attempting to impose in order to continue the world control they have enjoyed for the past 200 years. They intend to replace the Fiat Dollar, Euro and Yen with another Fiat currency - the Special Drawing Rights (SDR) when they collapse. They expect the poisoned subservient global populations to just keep taking their tyranny in silence as they always have done. Finally the people are rising up against these secret powerful criminals. Fight the Power!
TPP and TTIP will be used to force GMO's down everyone's throats. WTO wouldn't work for that since too much of the negotiation was public. Secrecy is the key - keep the public out of it, then pass it at 3 am some Sunday morning.
The Jesuits? Seriously? Someone should let them know, this is a big ask of them, after all. And when can they move into their new super-headquarters in the extinct island volcano?
Amen Sam.
Stop letting them poison you!!!!!!
http://youtu.be/oqB4L-V67iM
gov'ts are obsolete
As predicted:
https://www.youtube.com/watch?v=NKkRDMil0bw
What the developed world doesn’t like is that India has stood up and will be towering over the West much to their dismay.
HAH
Hahahahaha
Are you fucking high?
No, you are merely ignorant.
These trade treaties & organizations are not "free" trade at all, but gubbermint-managed trade. When a truly free market evolves outside gubbermint's control, they brand it a "black" market. Good riddance.
What the developed world doesn’t like is that India has stood up and will be towering over the West much to their dismay.
HAH
Hahahahaha
Are you fucking high?
I remember debating the WTO in high school in the mid 90s.
The future is full of uncertainties. That the future is uncertain is a given.
But the WTO doesn't make any sense and it goes back to the fact that trade agreements are idiotic. Why does one need to have an agreement in place to do something you're (1) doing already or (2) that the act itself constitutes the deal? People don't trade unless they agree to do it, so why have an agreement in place beforehand?
The WTO was only ever an attempt at PREVENTING trade from occurring. You had to agree beforehand and if you didn't you weren't allowed to trade. Or they could penalize you for being overly productive and trading too much.
Boom. I raise a glass to the death of one of many small and relatively minor, but evil nonetheless, globalist attempts. One down. How many more to go, including the schemes still cooking 'behind closed doors', protected by 'national security'? But one is down. I drink a toast to the improved health of the world.
Down with the WTO, UN, IMF, and every group that aspires to global ownership.
Who the hell thinks these stupid and evil 'world' groups facilitate anything? They are, always, a transparent attempt of at least one country to govern outside its borders.
One other thing. Even if globalists ever could succeed in consolidating the whole world under one government, and by implication one single 'economy', that whole monolith would quickly collapse for lack of a counterparty. Even as a philosophy the globalist idea is stupid.
Globalization is an absolut idea, therefore doomed to fail
Anybody who wants to control , or thinks they can control, chaos and the global economy is either stupid or insane. It simply can't be done and GTO was still born and thanks to India for signing the death certificate at last.
agent Maxwell Smart and 99 worked for Control and their attempt to influence Kaos was a comedy ------ the WTO in it's attempt to "Control" world trade is a comedic ediface as well--but dangerous because it has "believers"
My military unit was tasked with pointed loaded sniper rifles at Americans in Seattle for protesting the WTO's arrival there. Needless to say "it was quite the riot."
I was actually concerned at the time I'd be scoping my girlfriend who was obliquely into that stuff. Have high marks to the protestors for ingenuity and intelligence. Plus they were spot on as all those jobs got sucked out of he olde USA and President Detroit kissed that whole Metropolis goodbye...and soon it would seem his home town of Chicago as well.
Sorry but the WTO is the greatest catastrophe in US history and India is doing the USA it's biggest favor ever.
disabled, sniper rifles at WTO in Seattle?? why the heck didn't you shoot the leadership of the WTO? missed a great chance at a little justice.
Well now...who is going to give the shaft to Bruxelles, long overdue and a popcorn event if ever there was...!
Agree 100%. WTO is all about control over governments by unelected entities and very little, if anything, about trade. Anything that the WTO fails at is a victory for humanity from corporatism.
Somehow other countries such as all of european nations and India and China among some other asian nations can have VAT taxes in order to protect their industries (formerly US industry) but the US does little, if anything, to protect domestic industry within its own borders... thus 57,000 factories and millions of decent jobs lost.
Your girlfriend was pretty smart.
Don't worry, if it becomes a problem we will just re-colonise India to bring them back into line.
So SAD, someone will miss the added tax somewhere :(
WTO, shipping US jobs overseas for decades now. Shut this crap down soon as possible.
I agree. All the concessions made at the WTO were from the U.S.
Exactly, people keep talking about the US using the WTO to control nations, but the reality is the US opened up its markets while no one else has.
Go spend time living in Japan, Korea or China (I have) and see how "open" those markets are. They aren't, the entire concept of balanced trade is a farce. Our US politicians thought they were getting a better deal, but the reality is they got nothing in return except for exporting the US entire manufacturing base overseas.
Developing countries killing the WTO is in the long run better for the US. Maybe their politicians have finally learned from the US idiots and they think they are getting a better deal, while in reality screwing their own country....