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Friday, April 29, 2011

Free Trade Agreements (FTAs): A Threat To People's Freedoms

Free Trade Agreements (FTAs): A Threat To People's Freedoms: "The year 2011 has seen the most significant attempts to revive the World Trade Organization (WTO) in recent times, with the stated objective of member countries to conclude the Doha round before the end of the year. At this juncture, developing countries like India need to take stock of the situation so that key concerns are taken into account. It is assumed that free trade and the removal of regulations on investment will result in economic growth, reducing poverty and generating employment opportunities. However, past evidences show that these kinds of agreements allow transnational corporations more freedom to exploit workers rather than help them. By removing all restrictions on businesses, it severely affects the lives of the common people.

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