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wat is trade injustice
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Describe what Trade Injustices are. What factors cause this injustice? What are the consequences for some African countries because of these trade injustices? How can these injustices be overcome?
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Unjust trade rules mean that producers in poor countries are missing out on earning a fair wage.
This is from the tearfund website...
African leaders express concern about trade injustice
African leaders at the recent EU-Africa Summit rejected European Union (EU...
Unjust trade rules mean that producers in poor countries are missing out on earning a fair wage.
This is from the tearfund website...
African leaders express concern about trade injustice
African leaders at the recent EU-Africa Summit rejected European Union (EU) trading deals (Economic Partnership Agreements or ‘EPAs’) due to determine future trading arrangements in Africa, Caribbean and the Pacific.
Because of this, the EU is threatening to increase tariffs on its trade exports to Europe in the New Year unless they sign up to these potentially damaging agreements before the start of 2008.
Some countries have already signed agreements but others are holding out, despite the intense pressure they are under from the European Union.
African leaders fear the agreement would damage the continent’s already fragile markets by flooding them with cheaper European goods. The agreement would also make it harder to use trade policy to encourage economic development, potentially undermining some of the world’s poorest communities.
Tearfund has been campaigning to ensure that any trade deal between the EU and poor countries are fair and just.
Current trade deals threaten to seriously undermine progress towards meeting the UN’s Millennium Development Goals (MDGs), targets set to reduce poverty in the poorest countries.
A progress report on the MDGs this week shows that progress on poverty is slow in many areas. More than 143 million children are still suffering from malnutrition and 2.6 billion people, - half the world’s population - have no access to proper sanitation.
Please pray that the EU would reconsider its decision to impose tariffs on African countries that do not sign the agreement. Pray that there would be further talks to bring about trade deals that are fair.
Source: tearfund.com
Answer Date: 09:52pm 08/31/08
