The EU-India Free Trade Agreement: India up “For Sale” to Western Corporate Capital

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.

Kavaljit Singh of the Madhyam research institute notes that the EU wants to export its heavily subsidised dairy products to India (1). The Indian government has encouraged the co-operative model in the dairy sector with active policy protection. It therefore makes little sense that dairy trade will be opened up to unfair competition from subsidised European exports under the FTA. According to RS Sodhi, managing director of the country’s largest milk cooperative, Gujarat Co-operative Milk Marketing Federation, the FTA will rob the vibrant domestic dairy industry and the millions of farmers that are connected to it from their rightful access to a growing market within India.

read more @ http://www.globalresearch.ca/the-eu-india-free-trade-agreement-indi...

Views: 312

Reply to This

VeryBarryCare

"24 or more hours of member activity http://12160.info/m"

Report an Issue



Photos

Loading…
  • Add Photos
  • View All

Forum

JIHAAD.. The Goodly life!!

Started by Not mainstreamer in Current News/Events 10 minutes ago. 0 Replies

Sexbots Get A Step Closer

Started by Citizen Quasar in Current News/Events. Last reply by Frances Farmer 8 hours ago. 10 Replies

Explanation from Wikipedia required

Started by Not mainstreamer in Conspiracy Theories. Last reply by Just Bill 8 hours ago. 13 Replies

stat graphs

Started by James μολὼν λαβέ in Current News/Events. Last reply by James μολὼν λαβέ yesterday. 1 Reply

Pot Kills?

Started by Site *ADMINS* in Current News/Events. Last reply by Spydaman13 yesterday. 4 Replies

Badge

Loading…

© 2014   Created by James μολὼν λαβέ.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted