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How WTO is Anti Developing Nations!

The era of colonialism is over. However, exploitative trade practices by First World countries against poor nations are still alive and kicking. Overly biased import policies by richer nations, who weave a complex web of tariffs and duties, set the tone of discrimination against Third World countries. For instance, Bangladesh-made garments entering the US market are slapped with duties and taxes/tariffs that are in general 20 times higher than those that UK-made garments have to face. Similarly, imported Indian garments have to face import tariffs of around 19%, as compared to the 0-1% charge applicable on European and Japanese garment imports. Such discrimination debilitates the value additions made by producers belonging to poor countries. According to internal estimations of Brazil, its agricultural exports’ earning has reduced by more than $10 billion because of trade barriers in the West. For Mozambique, exports to EU are lower by $100 million a year because of restrictions tha...

CHAVEZ IS DEAD! LONG LIVE CHAVEZ

The former US president George W. Bush called Hugo Chavez of Venezuela a “devil” and allegedly backed his opposition in the subsequent elections, to the point that there were rumours, confirmed by Chavez, that the Americans had hatched a plot to kill him. Reports alleged that organisations like FBI and CIA were all primed up wanting to get rid of Chavez. There were numerous other assassination attempts, ranging from attempts by Gov. Manuel Rosales (his arch rival in domestic polity belonging to Un Nuevo Tiempo) to those by the Columbian secret police. However, all those attempts were foiled by the mercy of his fate, before he eventually died bravely fighting cancer on March 5, 2013. As his coffin, draped in the national flag, was passed through the streets of Caracas, the very sight of swelling crowds flocking in for the last glimpse of their beloved leader spoke volumes of his popularity and larger-than-life image. And why not! He was a socialist leader who had the guts to take US ...