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SUNS # 9486 Wednesday 22 December 2021

Trade : North-South divide on WTO reforms - South faces "Herculean" task (PRIV)
(D. Ravi Kanth, Geneva)
In what appears to be a North-South divide on the proposed WTO reforms, countries from the Global South have a "Herculean" task ahead in ensuring that the rules-based inter-governmental body remains "multilateral", so that decisions are taken on a consensus-based framework and that special and differential treatment (S&DT) for developing countries is not impaired.

Trade : Panels set in import substitution program, steel bars disputes (PRIV)
(Kanaga Raja, Geneva)
The WTO Dispute Settlement Body (DSB) on 20 December agreed to establish a dispute panel, at the request of the European Union, to examine certain measures imposed by the Russian Federation allegedly favouring domestic products and services provided by Russian entities over imported products and services provided by foreign entities.

Rights : What would Europe, US, do with one billion climate refugees? (PRIV)
(IPS, Madrid)
A bit of fiction. Or maybe not. If things keep going the way they are, the result will be that such a massive flux would create instability and tensions, impact the global markets, cause record prices of fossil fuels, food and everything else, and the bankruptcy of big private financial corporations...

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