no más privilegios para las grandes empresas en la omc
Summary
Friends of the Earth International opposes the proposal to include investment rules in the WTO, particularly ahead of the 2003 Cancun Ministerial Conference. The organization argues that investment agreements, such as the failed Multilateral Agreement on Investment (MAI) and NAFTA's Chapter 11, undermine the ability of governments to implement environmental and social policies. It claims there is no empirical evidence that foreign direct investment leads to equitable development and urges the WTO to reject 'procedural modalities' for investment talks and reform existing rules like GATS and TRIMS that already restrict national policy space.
Key insights
- The document argues that WTO investment negotiations would grant excessive rights to multinational investors at the expense of citizens, communities, and the environment, effectively undermining public interest and environmental protection policies.
- Past investment frameworks are cited as threats to public interest; specifically, NAFTA Chapter 11 led to losses for Canada and Mexico in civil cases regarding toxic waste dumps and the transport of toxic PCBs, while the US faced claims exceeding one billion dollars over environmental and indigenous territory laws.
- The organization claims there is no empirical evidence that foreign direct investment (FDI) ensures sustainable or equitable development, noting that World Bank and UNDP reports show no clear correlation between FDI volume and development prosperity.
- The document asserts that a significant portion of foreign investment in developing countries during the 1990s consisted of mergers and acquisitions of existing public and private companies rather than new constructive investments, representing over 70% of the total.
- Proposed 'non-discrimination' rules in a WTO investment agreement could prohibit local development criteria, impede the protection of indigenous rights to natural resources, and force the privatization of public services like water supply.
- Existing WTO rules are criticized for restricting policy space: GATS Mode 3 is viewed as a liberalization agreement for service investments, and TRIMS is seen as limiting the ability to require local content to foster sustainable production.
- The document supports the creation of binding multilateral norms to hold corporations accountable, but insists these must be negotiated in social and environmental forums rather than within the WTO, which it describes as dominated by business interests.
Cite the original document
- APA
- Friends of the Earth International (2003). no más privilegios para las grandes empresas en la omc. https://www.foei.org/wp-content/uploads/2020/12/investment-spanish-final-letter.pdf
- Chicago
- Friends of the Earth International. no más privilegios para las grandes empresas en la omc. 2003. https://www.foei.org/wp-content/uploads/2020/12/investment-spanish-final-letter.pdf.
- Wikipedia
- {{cite press release |author=Friends of the Earth International |title=no más privilegios para las grandes empresas en la omc |date=August 2003 |url=https://www.foei.org/wp-content/uploads/2020/12/investment-spanish-final-letter.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{friendsoftheearthinternational2003privilegios, author = {{Friends of the Earth International}}, title = {{no más privilegios para las grandes empresas en la omc}}, publisher = {Friends of the Earth International}, year = {2003}, month = aug, url = {https://www.foei.org/wp-content/uploads/2020/12/investment-spanish-final-letter.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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