In The News

Where Trade Trumps Politics

Quentin Peel February 3, 2005
In an effort to further ties with China, the European Union appears poised to lift an arms embargo imposed on the country for the past 15 years. From a military standpoint, the practical consequences may not be severe: China already buys sophisticated arms from Russia and Israel. However, any arms repeal would only further strain US relations with Europe; at this point, US officials are left...

Fakes!

Frederik Balfour February 2, 2005
Counterfeiting is a criminal activity that costs the global economy billions every year. The manufacturers of fake goods have become increasingly professional, their wares often indistinguishable from the real things. And by slipping counterfeit products – or parts of products – into the supply chain at different stages, they have slipped seamlessly into the world market. China is central to...

Quality Drugs, by the Kilo

Paul McGeough January 13, 2005
Three years after the US-led invasion of Afghanistan, the country's narcotics industry is booming. Last year, 87 percent of the world's opium originated from the Afghan trade, and the United Nations has recently warned that the country - trading about US $2.8 billion in drugs - is becoming a "narco-state." And thus, despite the West's tough talk about eliminating the...

Schröder Boosts Arms Sales to China

Peter Sturm December 17, 2004
The topic of weapons sales frequently divides the coalition government of German Chancellor Gerhard Schröder. But despite the controversy that has raged over past plans to sell tanks and submarines to Turkey and Israel, Schröder is pushing to vend weapons to China. "In economic terms, the gigantic country fuels people's money-making fantasies," writes FAZ Weekly columnist Peter...

The Patent Controversy

Rajeev Dhavan December 10, 2004
As India's Parliament rushes through the Third Patents Amendment, the important social justice and equity issues are being ignored, says the author in India’s newspaper, The Hindu. The pressure to pass this law before January 1, 2005 came from the World Trade Organization (WTO) and the US, which hold the implicit threat of retaliation and non-compliance under WTO provisions. However, argues...

The EU Loses its Rag

December 8, 2004
Ten years ago, trade negotiators set a deadline to end global quotas on textile exports. But with less than a month before the agreed-upon expiration date, the EU is growing increasingly worried about China's likely dominance of the international textile trade. Yet considering the EU's hopes to install its former trade commissioner as head of the World Trade Organization, efforts to...

Business is Blooming

Peter Willems December 8, 2004
A recent United Nations report shows that Afghanistan's poppy production is reaching worrisome new heights. As newly-inaugurated president Hamid Karzai steps into the spotlight, the problems of opium growth continue to increase. The effort to stop the drug trade has been hampered by local infighting, governmental corruption, and an unsuccessful attempt to wean farmers off the profitable, but...