The COVID-19 pandemic is the biggest health and economic crisis in a generation. Some governments are taking extraordinary measures to fight the pandemic, in order to save lives, protect jobs, and avoid economic disaster. But the little known Investor-State Dispute Settlement system, or ISDS, included in many trade deals, could pressure governments to roll back public-interest measures, or pay millions in compensation to corporations.
ISDS allows foreign companies to sue governments for measures that might impact their profits.
More than 370 civil society organisations, including Madhyam, have urged the Members of the World Trade Organization to adopt the proposal titled, “Waiver from certain provisions of the TRIPS agreement for the prevention, containment and treatment of COVID-19” submitted by India and South Africa on October 2, 2020. The proposal allows member-countries to suspend certain intellectual property protection related to the prevention, containment, and treatment of COVID-19. The WTO’s TRIPS Council will meet on October 15-16 to discuss this…
More than 500 civil society organisations and academics from 87 countries, including Madhyam, have issued a statement today calling on the International Monetary Fund (IMF) to stop promoting austerity and instead support policies that advance gender justice, reduce inequality, and put people and planet first. The statement comes ahead of the IMF and World Bank Annual Meetings scheduled to take place from October 12-18, 2020.
Following is the full text of the statement issued on October 6, 2020:
Two hurriedly enacted new farm laws do not throw up altogether new ideas. These so-called ‘reforms’ in agricultural marketing have been on the cards for much of the last two decades. Among other things, the emphasis two new central laws place on agricultural export and large players are not reformative. Unless global trade…
By Kavaljit Singh | Briefing Paper # 41 | September 19, 2020
India has become the world’s new hotspot of the Covid-19 pandemic as infection cases have surged in recent weeks. On September 7, India overtook Brazil with 4.2 million confirmed cases to become the country with the second-largest number of confirmed cases in the world. On September 16, the total number of confirmed cases surged past five million (Figure 1). If the current trend continues, India may soon become the world’s worst-hit country surpassing the US.
