G-20 Ministers Compromise on Imbalances, But Real Work Lies Ahead

Volume
15,
Number
6
-
24 February 2011
24 February 2011
Finance ministers and central bankers from the Group of 20 leading economies agreed over the weekend on a set of indicators to use for identifying dangerous global financial imbalances, in what is intended to be a step towards the G-20's goal of putting the world economy on sounder footing. China...
24 February 2011
"A major acceleration" in the Doha Round negotiations is necessary if WTO members are to meet their goal of striking a multilateral trade deal by the end of the year, Director-General Pascal Lamy told delegates on Tuesday. In an address to the WTO General Council, Lamy said that despite encouraging...
24 February 2011
Doha Round proposals for expedited liberalisation for trade in environmental goods risk destroying infant green technology industries in developing countries without benefiting the environment, Brazil's ambassador to the WTO argued last week. Roberto Azevedo, Brazil's WTO envoy, argued that...
24 February 2011
A proposal in the US Congress to end annual payments of $147 million to Brazilian cotton farmers, an obligation arising from a WTO dispute, was shot down in the House of Representatives last Friday, after Republicans voted against it by more than a two-to-one margin. The amendment, proposed by...
24 February 2011
India and Malaysia last week concluded a free-trade agreement cutting tariffs on about 90 percent of bilateral goods trade and removing several barriers to services and investment flows. Indian Commerce Minister Anand Sharma and his Malaysian counterpart, Mustapa Mohamed, signed the trade agreement...
24 February 2011
The Obama administration's federal budget proposal for fiscal year 2012 includes cuts to US farm support programmes that would total more than $4 billion over the next 10 years. Meanwhile, the budget proposed by Congressional Republicans would make no cuts to agriculture subsidies, in spite of the...
24 February 2011
ICTSD event 28 February, Geneva. ROUNDTABLE DISCUSSION ON BIOFUELS. This lunchtime event, organised by ICTSD, will feature an update and overview of the current status of biofuels trade, as well as of emerging issues and developments. There will be presentations covering EU sustainability criteria...
24 February 2011
THE UNFINISHED GLOBAL REVOLUTION: THE PURSUIT OF A NEW INTERNATIONAL POLITICS. Penguin, February 2011. Former United Nations deputy secretary general and author Mark Malloch- Brown diagnoses the central global predicament of the twenty-first century: as we have become more integrated, we have also...