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Beyond CETA: Building a Progressive Global Trade System

Posted December 09, 2016

Under Economic Issues, International Trade Issues

(Hassan Yussuff via Huffington Post)

For the past 30 years, economic globalization has accelerated, and its effects are felt in nearly all economic areas and the day-to-day lives of many million people in various ways.

International trade and investment deals have been a key driver of this phenomena. First through the WTO, and later through bilateral treaties, corporations have set the rules that have increased trade, but also lowered wages, eroded working conditions, increased privatization, threatened our environment, and led to growing inequality in Europe and Canada. And new, so-called modern trade and investment agreements have not yet reflected a progressive, socially and environmentally sensitive trade model that is needed right now.

Despite massive public protest and expert testimony on its negative impacts, governments in Canada and Europe are rushing to implement the Comprehensive Economic Trade Agreement (CETA). Faced with the prospect of ongoing slow economic growth, the only solution they seem to be able to provide is more of the same neo-liberal policies that have proven not to work for the majority. Click here to read more.

Related: Trump Era Confronts Organized Labor with Gravest Crisis in Decades (Washington Post)