Bilateral investment treaties pose many challenges to developing countries, and initiatives are underway to move towards a new framework. This message is contained in a closing speech by Mariama Williams on behalf of the South Centre at the 6th Annual Investment Forum for Developing Country Negotiators, Port of Spain, Trinidad and Tobago, 29-31 October 2012, which was co- organised by the South Centre.
Hazards in Bilateral Investment Treaties (BITs): Investors’ rights v. public health
By Carlos Correa
An arbitral tribunal is expected to issue soon a decision on jurisdictional matters in a case brought by Philip Morris against the government of Uruguay. The claim, based on a bilateral investment treaty (BIT) between that country and Switzerland, challenges packaging and labeling requirements for cigarettes adopted by Uruguay to reduce tobacco’s consumption. (more…)
Below is a speech on “A South African Perspective on International Investment Agreements” by Xavier Carim, Deputy Director General, Department of Trade and Industry, South Africa at the WTO Public Forum, 25 September 2012, Geneva.
Unhappy first week at COP18; uncertainty over the final outcome
By Martin Khor
A big battle is taking place at the UN climate conference in Doha. In the first week of the two-week meeting, the developed countries have made it clear they want to close down the working group that has been the main negotiating forum on climate change actions without its having completed its work.
Climate Change UNFCCC Talks: The Interests of Developing Countries at COP18
This article is adapted from a presentation made by Vicente Paolo Yu III, Programme Coordinator, South Centre, to the first Ministerial Conference on Climate Change of the African, Caribbean, and Pacific Group of States (ACP) at the ACP House in Brussels on 7 November 2012.
A resolution by the World Health Assembly: Will there finally be a cure for diseases that affect the poor?
By Carlos Correa
On 26 May 2012 the World Health Assembly adopted a resolution that could mark the first step toward a change in the current pharmaceutical research model. The members of the World Health Organization (WHO) decided to undertake an in-depth examination, at the governmental level, of a report produced in April 2012 by an international group of experts that recommended the adoption of a binding convention on research and development (R&D) that, if approved and implemented, could generate the medicines needed, particularly in developing countries, to address communicable and non-communicable diseases.
The twists and turns of the Doha talks and the WTO
By Martin Khor
Welcome to this session on Doha and the Multilateral Trading System – From Impasse to development? which the South Centre is pleased to co-organise.
This session aims to look at what the future holds for the WTO, in particular in relation to the development dimension, and the interests of the developing countries.
After the Uruguay Round, the developing countries went into a mood of reflection because many of them were not active in the negotiations and did not fully understand what they had signed on to or the implications. So for a number of years after 1995, for the developing countries, their priority in the WTO was to understand the obligations they had entered into and the problems of implementation, particularly in new issues such as TRIPS, Services, TRIMS which they had been obliged to take on as new obligations, in exchange for the re-entering of agriculture and textiles into the GATT system. And to get the WTO to review and possibly reform its rules.
Towards an alternative narrative for the multilateral trading system
By Faizel Ismail
This presentation will argue that the recent attempts by some policy makers to use the concept of Global Value Chains (GVCs) to make a case for increased trade liberalization is deeply flawed for three reasons: First because it attempts to bring back the notion of a self-regulating market that is disembedded from society and divorced from the asymmetries in economic power that characterize today’s interdependent global economy; Second, because it attempts to revive the discredited Washington Consensus; and third because it does not provide a framework for helping developing economies develop beyond their current comparative advantages. Consequently, this approach to trade liberalization we will argue is a false basis to re-invigorate the current Doha round and to deal with the crisis in multilateralism. We will attempt to provide an alternative and more sustainable basis to rebuild the multilateral trading system.
Current issues in the WTO negotiations: a development view
By Jayant Dasgupta
Transcript of remarks of Ambassador Jayant Dasgupta, Permanent Representative of India to the World Trade Organization made at the WTO Public Forum session on Doha and the Multilateral Trade System: From Impasse to Development? on 26 September. (more…)
Rethinking Regulation in Light of the Financial Crisis
By Yaga Venugopal Reddy
There is a recognition that policies relating to regulation of the financial sector must optimise the benefits of the financial sector while minimising the costs or risks associated with it. There are several dimensions to striking this balance, which this august audience is well aware of and involved with. I selected three themes for consideration today: the optimal level of financialisation, appropriate innovation in the financial sector, and the effectiveness of financial sector regulation.
Staring with Malaysia in 2003, many Asian countries are now taking actions to promote cheaper medicines through compulsory licensing, with Indonesia being the latest case. (more…)
The latest round of UNFCCC climate negotiations in Bangkok in September has revealed a major problem. The Bali Road Map launched in December 2007 had 2 tracks. The Kyoto Protocol track seems to be ending in a very weakened outcome, while the Bali Action Plan track is in danger of being killed without a proper closure or a transfer of its unsettled issues.
