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Article

3 Feb 2012

Author:
Ruth Bergan, Trade Justice Movement, in Guardian [UK]

Europe's business take on development

[T]he European [C]ommission released a statement entitled Trade, Growth and Development – Tailoring Trade and Investment Policy for Those Countries Most in Need…the policy continues to put corporate interests before development…it suggests...that "effective development policy is essential in helping create better conditions for trade and investment in developing countries" – development at the service of trade, rather than trade as a tool for development…[P]articularly worrying…is that “aid for trade” , a potentially useful tool for building developing country capacity to trade, is being diverted to serve interests of EU business…Most important, companies…that are seeking new markets in developing countries will continue to reap the benefits of trade without assuming any of the responsibilities…It is time the EU put development interests above those of big European corporations. This means listening to developing countries and offering greater flexibility in negotiations.