Global News Journal
Beyond the World news headlines
Russia’s ban on grain exports as a heat wave parches crops in the world’s third biggest wheat exporter has raised questions whether such export curbs break World Trade Organization rules. Russia is not a member of the WTO, and it remains to be seen how its new grain policy will affect its 17-year-old bid to join. But other grain exporters, such as Ukraine, which is also considering export curbs, are part of the global trade referee.
WTO rules are quite clear that members cannot interfere with imports and exports in a way that disrupts trade or discriminates against other members. But in practice most WTO rules aim to stop countries blocking imports – shutting out competitor’s goods to give their own domestic producers an unfair advantage.
Saudi Arabia and other members of the oil cartel OPEC (not all of whom are members of the WTO) routinely control the production and hence export of oil to defend target prices, but have not faced challenges at the WTO.
What can be challenged are restrictions on exports designed to hurt competitors. The United States, European Union and Mexico are currently suing China at the WTO over Beijing’s export duties and other restraints on raw materials. They argue that these make the raw materials more expensive for foreign competitors, putting them at a disadvantage to Chinese processors.
As the new European Union executive prepares to debate fresh policy proposals which might unblock the stalemate over approving genetically modified crops for feed, processing or cultivation, there are few signs that Europe’s fears over what some have termed “Frankenstein foods” are easing.
On Friday Bulgaria’s ruling GERB party proposed a five-year moratorium on the production of genetically modified (GM) crops for scientific and commercial reasons following public outcry over a new legislation.
PARIS, France — During the 1970s, I dropped in on Monsieur Turpin, a storied Parisian greengrocer and pheasant plucker. His walrus mustache bristled with indignation.
Hiking through rubble-strewn streets, taking in a quake exhibit or bedding down in a concrete police compound — leaders at this week’s G8 summit in the Italian town of L’Aquila are in for a change of pace from the routine luxury spa and resort experience of past summits.****** Devastated by an April earthquake that killed nearly 300 people and ringed by tent camps with portable toilets, L’Aquila is a far cry from previous G8 host cities like the Baltic seaside town of Heiligendamm, French lakeside resort Evian and Scottish golf resort Gleneagles.************ ****** ****** ****** ****** ****** ****** ****** ****** U.S. President Barack Obama and other leaders are being housed in a grey police school building on the outskirts of the mountain town, where they are to stay in spartan rooms with granite floors and cream-coloured walls and furnished with little more than simlpe wooden beds with white sheets.****** “There won’t be the luxuries of hotels on (Sardinia’s) Emerald Coast or (Rome’s) Via Veneto, but there will be dignified accommodation worthy of welcoming such important people,” said Italy’s emergency services chief, Guido Bertolaso.****** Room service menus will be absent, but each room will be supplied with instructions on what to do in the event of another earthquake. Aftershocks have been persistent and plentiful in the run-up to the summit.****** In their free time, leaders can browse through an exhibit on “100 years of earthquakes” in Italy or take up Italian Prime Minister Silvio Berlusconi’s offer of a guided tour of areas laid to waste by the tremor, like Germany’s Angela Merkel did on Wednesday.******Earthquake victims have even welcomed leaders with a giant sign on a hill near the summit site declaring “Yes we camp” to protest the slow pace of reconstruction in the area.****** ****** ****** ****** ****** ****** ****** ****** ****** ******For all the lack of luxury, L’Aquila does guarantee voters back home will see images of their leaders rolling up their sleeves under the hot Abruzzo sun at a time of recession and financial turmoil.****** “I think it’s better to have (the summit) in a damaged zone than in an ultra-touristy region where people are spending millions of dollars on their vacations, while the leaders are there to discuss solutions to the global economic crisis,” said Dimitri Soudas, spokesman for Canadian Prime Minister Stephen Harper, ahead of the summit.****** Italy was initially set to host the annual summit of leaders from the world’s richest nations on the picturesque island of Sardinia, but hastily moved it to L’Aquila citing solidarity with victims when faced with complicated logistics and spiralling costs.****** One thing that won’t be lacking at the summit is fine Italian cuisine, since good food is not a luxury given up easily in Italy. Among the local delicacies on offer are goat on skewers, baby lamb, rabbit from the small town of Goriano Valli, artichokes from Prezza and red garlic from nearby Sulmona.
Now, he’s looking to showcase a softer side as he returns to the campaign trail — this time as a candidate for Congress.
For all the shouting and nose-to-nose confrontations, visitors to Havana’s Parque Central might think they had walked into a brawl or counter-revolution … but here in the park’s Hot Corner, the topic almost always under discussion is baseball, Cuba’s national obsession.
At night, Salah Abbas Hisham wakes up screaming. Sometimes, in the dark, he silently attacks the boy next to him in a tiny Baghdad orphanage where 33 boys sleep on cots or on the floor. Salah, who saw both his parents blown apart in a car bomb, can never be left alone at night.
from Africa News blog:
The announcement by a U.S. investor that he has a deal to lease a swathe of South Sudan for farmland has again focused attention on foreigners trying to snap up African agricultural land.
A few months ago, South Korea’s Daweoo Logistics said it had secured rights to plant corn and palm oil in an even bigger patch of Madagascar - although local authorities said the deal was not done yet. Investors from Asia and the Gulf are looking elsewhere in Africa too.
What’s with farming these days? The humble, even if slightly romantic vocation, is attracting a new breed of participants as investing in farmland and agriculture becomes the latest fad in the world of investments.
With financial markets in tumoil and commodity prices at record highs, traditional financial players such as investment banks and hedge funds, and even sovereign wealth funds of cash-rich emerging economies are increasingly looking at farm land as the next major investment avenue.
The motivations are varied — from pure financial punting to concerns about food security. Underlying all this is the belief that the rapid economic expansion of China and India could add more than a billion people between them to the ranks of consumers of meat and wheat-based products. And then there is the growing demand for land to grow crops for biofuels.