Fighting Trade & Investment Deregulation Some Immediate Tasks - Bill Rosenberg Dont let the Singapore agreement pass without a fight. Make it as difficult as possible politically for progress to be made on the other deals in the wings, let alone ratified:
Democratise the process used to approve such arrangements. The process for the Singapore agreement was an improvement, but was still a farce. We will have wider support on this than on the substantive issue. Essential ingredients include:
We can work for these through the bill on treaties currently before Parliament under the name of Green MP, Keith Locke (there was also the review of Parliamentary Standing Orders, but submissions closed at the end of November). Place a moratorium on further agreements until an independent review has been made of the effects of previous agreements and the public have had an opportunity to debate these issues and have their say. The worlds political climate has changed radically with the 1997 Asian financial crisis, the Seattle debacle and the numerous demonstrations, critical reports and studies that have followed. The aim is to begin building an environment focusing on development as an end, using trade and investment as means to that end. Fair trade cannot survive in the present environment. Look for new groupings internationally with countries that are of similar mind, and take part in the international movement to rebuild a development agenda. Examine the commitments that have been made in the WTO and elsewhere and ensure we do no more than is necessary legally to fulfil them. That is a survival task. Look at the possibility of withdrawing from either individual sector commitments or whole agreements. Reconstruct some development tools. Strengthen the Overseas Investment regulations start by putting back the $10 million threshold (from the current $50 million) and putting enforceable "bad character" laws in place to exclude undesirable corporations; restore meaningful national interest criteria; make use of the tariffs we still have the right to impose, and extend them; prepare capital and exchange controls; and more. Look at opportunities a pension fund will bring to use locally sourced investment for economic development. Foreign Control Watchdog, P O Box 2258, Christchurch, New Zealand/Aotearoa. December 2000. Email |
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