Today the EU looks to be perfectly happy to expand trade with authoritarian regimes with appalling human rights records when the economic gains are sufficiently large.
“We call on our governments to either address the real reasons why ISDS is fundamentally flawed or to abandon its ‘reform’ agenda that is designed to reinforce and re-legitimise a self-serving investment dispute system.”
Cross-regional mega-FTAs are now being preferred over bilateral and plurilateral trade agreements as imperialist powers compete for cheap labor, sources of raw materials, and markets.
Cambodian officials pleaded last week with representatives of the Eurasian Economic Union (EAEU) to include more Cambodian products into the bloc’s joint tariff scheme during a high level diplomatic meeting in Moscow.
India has joined hands with Japan and United States to build infrastructure for promoting connectivity in Indo-Pacific region, ostensibly to counter the Belt and Road initiative of China.