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The Regional Comprehensive Economic Partnership (RCEP) signed Nov 14, 2020, by 15 Asia-Pacific states is billed as the world’s largest free trade agreement (FTA) covering 2.1 billion people.
Consisting of the 10 Asean members plus China, Japan, South Korea, Australia, and New Zealand, the deal (...)
ASIA FLOOR WAGE ALLIANCE BRANDS’ RESPONSIBILITY IN COVID-19 HUMANITARIAN CRISIS: CONTRIBUTE TO THE GARMENT WORKERS’ RELIEF.
I. The COVID-19 Humanitarian Crisis for Garment Workers
Garment workers in Asia, who produce most of the world’s clothing, find themselves in desperate circumstances as (...)
September 2, 2019
MR. TAKEHIKO NAKAO President Asian Development Bank (ADB)
Dear Pres. Nakao,
We are writing to you regarding the Accelerating Infrastructure Investment Facility in Himachal Pradesh , India, with project number 47083-002 , approved on October 21, 2013. The project was (...)
Report finds fashion brands use living wage rhetoric to improve social sustainability perception
Commitments by global fashion brands to pay the living wage are not translating into “meaningful change on the ground”, a study has found.
A report by the University of Sheffield said that, despite (...)
1. RCEP: People’s movements resist free trade agreement
Organizations across the Asia Pacific region have come together to oppose the secrecy surrounding the negotiations for the Regional Comprehensive Economic Partnership, a free trade agreement. Here’s how the deal will affect billions in 16 (...)
Cross-regional mega-FTAs are now being preferred over bilateral and plurilateral trade agreements as imperialist powers compete for cheap labor, sources of raw materials, and markets. Workers of the South are set to bear much of the brunt of this shift, as new sets of trade rules would further permit monopoly capitalists to dictate the cheapest value of labor and other production facilities, and disregard decent standards, to (...)
The Regional Comprehensive Economic Partnership (RCEP) is currently being negotiated between 16 countries in the Asia and Pacific regions. It includes China, members of the Association of Southeast Asian Nations (ASEAN) and other key trading nations such as Australia, New Zealand, South Korea, (...)
The Asian Infrastructure Investment Bank, which meets in Mumbai this week, needs to prove that its clients have robust social, environmental and disclosure policies and practices.
Along the route from Mumbai’s international airport in Santa Cruz to the high-profile business district of Nariman (...)
The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants from Sri Lanka, but also from India, Pakistan, Bangladesh, Nepal, as well as from Japan, France and Belgium (for the CADTM International Secretariat). (...)
Regulators, governments to blame, says Eric Toussaint of the Committee for the Abolition of Illegitimate Debt.
The recent bubbles in the stock exchanges and financial markets foretell an imminent financial crisis that would likely be stronger and more dangerous than in the past, according to (...)
KUALA LUMPUR: Parti Sosialis Malaysia (PSM) says it will fight all unfair trade agreements that only favour big corporations. This includes the new Regional Comprehensive Economic Partnership (RCEP) that Asian governments are promoting asa replacement for the US-sponsored Trans-Pacific Partnership Agreement (TPPA).
“We knew just how damaging the TPPA was and we have others like the Regional Comprehensive Economic Partnership (RCEP), that are also dangerous to the country,” said PSM (...)
An Open Letter to Ms Victoria Kwakwa, the World Bank Vice President for East Asia and the Pacific
Dear Ms Victoria Kwakwa,
I read and re-read your interview that was published in page 3 of Starbiz on 1/1/2017, and frankly, I was disappointed. For though you identify sluggish global economic (...)
Asia’s financial crisis came a decade before the global crisis, but it has had a lasting influence and left a legacy that could sow the seeds for the next global crisis. Interview with Walden Bello.
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How did the Asian financial crisis in 1997-1998 differ to the one that (...)
As part of the 13th International Conference on Thai Studies, Focus on the Global South (Focus) organized a roundtable discussion on 16 July 2017 to look at the role of capitalism and development in Asia, and the accompanying rise of dictatorial regimes in the region.
Speakers included Walden (...)
STATEMENT ON THE OCCASION OF THE 49TH ANNUAL MEETING OF THE BOARD OF GOVERNORS OF THE ASIAN DEVELOPMENT BANK
Sustainable development figures prominently in this year’s meeting of the Board of Governors of the Asian Development Bank’s with its chosen theme “Cooperating for Sustainability”. ADB has (...)
For about fifteen years, microfinance has been touted as an essential means of emerging from poverty by international institutions like the World Bank (WB) and the International Monetary Fund (IMF). According to Muhammad Yunus, the pioneer of microcredit, and winner of the Nobel Peace Prize in (...)
The China-Asean free trade deal is a milestone as Southeast Asian nations test the waters of economic competitiveness
Almost one-third of the world’s population is covered in the China-Asean Free Trade Area (CAFTA), which came into being on Jan. 1. However, CAFTA is only the third largest (...)
ON JAN. 1, 2010, the China-Asean Free Trade Area (Cafta) went into effect. Touted as the world’s biggest Free Trade Area, CAFTA is billed as having 1.7 million consumers, with a combined gross domestic product of $ 2 trillion and total trade of $ 1.3 trillion.
Under the agreement, trade between (...)
The ASEAN charter was adopted at the 14th ASEAN Summit in November 2007 and eventually came into force in December 2008. One of ASEAN’s crucial visions is creating a single free trade area by 2015, but there are doubts that it will be implemented or achieved. ASEAN’s objective, which is also (...)
Speech delivered at the Philippine House of Representatives 28 April 2009.
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I rise on a matter of personal and collective privilege. I would like to devote a few minutes to register my concern about the grave conditions of this economic crisis, and the (...)
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