Monthly Archives: April 2003

Trading Away Capital Controls under Bilateral Trade Agreements

By Kavaljit Singh | Commentary | April 13, 2003

The sinister move by the US to curb the use of capital controls under the guise of just concluded bilateral trade agreements with Chile and Singapore has not received adequate attention. America’s economic predominance – and the resulting shape of the global economy – has long rested on a combination of bullying, threats and inducements, but recent US bilateral trade deals signed with Chile and Singapore hint at something entirely more sinister. This is because both agreements include strict financial conditions alongside aggressive safeguards for intellectual property which go beyond multilateral benchmarks…

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