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IBON Foundation. WTO, FTAs: Instruments of imperialist domination. Launching Forum of NO DEAL! MOVEMENT AGAINST UNEQUAL AGREEMENTS Quezon City November 9, 2007. Philippine poverty and backwardness. Widespread poverty Worsening inequality Agricultural and industrial backwardness

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WTO, FTAs: Instruments of imperialist domination

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Wto ftas instruments of imperialist domination

IBON

Foundation

WTO, FTAs: Instruments of imperialist domination

Launching Forum of

NO DEAL! MOVEMENT AGAINST UNEQUAL AGREEMENTS

Quezon City

November 9, 2007


Philippine poverty and backwardness

Philippine poverty and backwardness

  • Widespread poverty

  • Worsening inequality

  • Agricultural and industrial backwardness

  • Overly reliant on cheap labor export, foreign capital- and debt


Filipinos aspire and struggle for development

Filipinos aspire and struggle for development

  • For:

    • true agrarian reform

    • genuine national industrialization

  • Against:

    • imperialist domination of the economy

      • exploiting cheap labor, plundering natural resources and dominating our markets

    • exploitative international economic deals

      • multilateral WTO agreements

      • bilateral free trade agreements (FTAs), regional trade agreements (RTAs), economic partnership agreements (EPAs)

      • Go far beyond just “trade” also investment, services, competition policy, intellectual property rights, labor, govt procurement, dispute settlement…


1 ftas deny us essential policies for development

(1) FTAs deny us essential policies for development

To build domestic economy we need:

  • Trade protection against imports to give local producers the opportunity to develop

    • Tariff/non-tariff barriers…

  • Foreign investment controls  to ensure benefits from FDI

    • Equity requirements, domestic content, local hiring, technology transfer…


1 ftas deny us essential policies for development1

(1) FTAs deny us essential policies for development

Policies affirmed by historical experience:

  • Used by allFirst World countries when they were developing

    • Britain, France, Germany, US, Japan… (19th century-1950s)

  • Used by handful of Third World countries which made any sort of economic progress

    • South Korea, Taiwan, Malaysia… (1960s-1980/90s)

  • Used by Socialist countries

    • Russia (1917+), China (1949+)


2 ftas impose policies that have already severely damaged the economy

(2) FTAs impose policies that have already severely damaged the economy

  • Philippines has been actively liberalizing trade and investment since the 1980s/90s

    • IMF-WB impositions, WTO agreements…

  • Arguably the most liberalized country in Southeast Asia… and also one of its poorest performing


2 ftas impose policies that have already severely damaged the economy1

(2) FTAs impose policies that have already severely damaged the economy

  • Trade doubled as percentage of GDP :

    • 52% (1980)  105% (2005)

  • Foreign investment quadrupled as percentage of GDP:

    • 4% (1980)  14% (2005)

      YET:

  • Record sustained joblessness:

    • Unemplt 8% (1980)  ~11% (2001-05)

    • 12 million Filipinos looking for work/additional work (2006)  OFW export

  • De-industrializationand shrinking manufacturing

    • Share in GDP: 26% (1980)23%(2005)

    • Share in employment (11% 9%)

  • Falling food productionper capita, rising agricultural trade deficits


Jpepa is unequal defeatist and destructive

JPEPA is unequal, defeatist and destructive

  • Grossly unequal

    • Backward Philippines gives up much more than advanced Japan

    • Philippines’ deal worse than negotiated by Malaysia and Indonesia


Jpepa is unequal defeatist and destructive1

JPEPA is unequal, defeatist and destructive

  • Defeatist

    • Surrenders Philippine policy sovereignty and use of necessaryeconomic policy tools

      • National Treatment, Most-Favored-Nation (MFN) Treatment, prohibition of “performance requirements” on investments

    • Unprecedented protection for Japanese investors. “Investment” = FDI, portfolio investment + intellectual property, contractual rights, tax breaks (“taxation as expropriation”)

    • Note: JPEPA includes “Singapore Issues” already rejected at WTO for being anti-developmental


Jpepa is unequal defeatist and destructive2

JPEPA is unequal, defeatist and destructive

  • Destructive

    • JPEPA drastically restricts the Philippines’ policy options: precedent-setting vis-à-vis Japan and sets a dangerous benchmark for other FTAs

      • Note: Handful of FTAs makes WTO virtually redundant, where Japan + EU + US + Greater China + ASEAN = ~90% of country’s intl trade and investment

    • Job losses in auto/auto parts assembly and iron/steel sectors, fisheries… toxic waste imports… commodification of nurses/careworkers…

    • + Millions of jobs that will never be created because of stifled domestic development


Wto ftas instruments of imperialist domination

  • NO Deal!stands for democratic governance, economic sovereignty and building the national economy

  • NO Deal!supports economic relations based on equality and mutual benefit

  • NO Deal!rejects all unequal trade agreements which further undermine our already devastated economy

    • JPEPA, EU-ASEAN, RP-US, RP-China…


Wto ftas instruments of imperialist domination

Maraming salamat!


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