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Trade and Development

Analysis

Corporate profits or the right to life?

By Aakash Mehrotra

EU-India free trade agreement

The EU-India free trade agreement will wipe generic, cheap, unpatented drugs out of the market, writes Aakash Mehrotra

After four years of negotiations, finally the EU-India free trade agreement seems to be on the table. The pact is going to be a big ticket for business. Giving the Indian perspective, Rajgopal Sharma from the Indian embassy in Brussels said this Free Trade Agreement (FTA) “is the most ambitious agreement that India is hoping to enter into as compared to the earlier FTAs with other countries”.

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News Scan

Govt assures speedy implementation of POSCO project

The government is moving in the heavy artillery in an attempt to ensure the country’s largest foreign direct investment project goes operational soon, despite continuing opposition from the people whose lands and livelihoods it imperils

The Indian government is determined to ensure that the South Korean steel giant Posco’s Rs 54,000-crore project in Orissa gets all regulatory clearances and gets started in the next few months. The plant is the largest foreign direct investment in the country.


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Features

A dubious GIFT

By Manshi Asher and Sayantoni Datta

Gujarat International Finance Tech City (GIFT), to come up in Gandhinagar, is being promoted as India's largest multi-services financial hub. To be built mostly on common grazing lands grabbed from surrounding villages and by panicking farmers into selling their agricultural land, it is yet another instance of how commercial interests are favoured at the expense of the poor.


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»How Mundra became India's Rotterdam By Manshi Asher
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»Inside the SEZ cauldron By Anosh Malekar
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»Goa: How the battle was won By Rifat Mumtaz and Madhumanti Sardar
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Books & Reports

SEZ's Damp Quib

By Rashme Sehgal

A study by the Hazards Centre shows that only 19 of an approved 366 SEZs are functional. And within many of these, the number of manufacturing units actually set up and the number of people employed is much lower than expected.

A village elder, evicted from the village of Akalmegh in West Bengal in order to facilitate the creation of the Falta Special Economic Zone (FSEZ) located on the banks of the river Hoogly at Diamond Harbour, is still trying to pick up the threads of his life.

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Backgrounders

A brief history of the WTO

By Prabhash Ranjan

WTO

The principle of non-discrimination was meant to be the cornerstone of the World Trade Organisation and the multilateral trading regime. But ten years down the line,it is clear that the trade rules favour developed countries, and the promise of greater market access for developing countries has not been sufficiently realised.


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»The struggle for affordable medicines By Chan Park
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»Can multilateral trade work for the poor? By Robin Koshy
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»WTO negotiations and India's stand: Agriculture, NAMA and services By Abhijit Das
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