ABHIJIT DAS
What would be your reaction, if you were told that cut flowers, ice-cream, beer, wine, and vermouth are some of the essential goods for combating the COVID-19 pandemic? Dismiss it as fake news, or have a hearty laugh? Well, if we are to believe New Zealand and Singapore, then this is not only true, but actually quite a serious matter.
At the WTO, these two countries made a formal proposal on April 16, 2020, seeking a commitment from WTO members for ensuring that “during the COVID-19 global pandemic, production and trade in essential items such as medical supplies and food continue to flow freely to their intended destinations”. It is perhaps not a coincidence that a few weeks ago some former trade negotiators of the US had aired similar views. The New Zealand-Singapore joint proposal carries this narrative forward.
Could it be that New Zealand and Singapore are privy to some esoteric knowledge about the relevance and effectiveness of the products mentioned earlier in combating COVID-19, while rest of us are ignorant? Or is the joint proposal part of a larger gameplan of firms in developed countries to use the pandemic as an opportunity for making windfall commercial gains by extracting concessions at the trade-front from developing countries? Examining the implications of the joint proposal and assessing its effectiveness in combating COVID-19, provides useful pointers about the true intention of joint proposal.
Commitments sought
この記事は The Hindu Business Line の April 24, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Hindu Business Line の April 24, 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls