How global trade is getting hammered


The rich world is great when it comes to lecturing others on openness. When their own interests are at stake, the volte face is unbelievable!,,

How global trade is getting hammered

[ ##thumbs-o-up##  Share Testimonial here - make our day!]     [ ##certificate##  Volunteer for Bodhi Booster portal]

  1. Shutting the doors : Indian professionals are finding doors across the world shutting, and opportunities to ply their trade shrinking. Promises of free-trade and globalization are steadily weakening. More and more erstwhile propounders of free-trade are erecting walls to stop the flow of professionals and human capital. This exposed them like nothing else!
  2. Trump leading the charge : US President Trump carried out his campaign promise by signing the executive order on April 18 overhauling the H1-B visa regime which allowed foreign professionals to work in the US for six years. Indian IT companies have been the biggest beneficiaries of this programme.
  3. Et tu Australia? Thereafter, Australia followed suit by revamping the immigration law titled “Sub-class 457 visa” which allowed entry of professionals. Incidentally, PM Malcolm Turnbull, during his India visit in April 2017 had signed a joint declaration with the Indian PM welcoming the progress in knowledge partnership, strong links in higher education, skills development and science and technology and innovation. The reality turned out to be the reverse.
  4. CECA in turmoil : This has now jeopardized progress on the Comprehensive Economic Cooperation Agreement (CECA) being negotiated. The CECA is wider than the free-trade agreement (FTA) as it also includes issues like investment, government procurement and competition policy.
  5. The flood after the calm : Three other prosperous nations – New Zealand, Singapore and the UK – have also erected barriers of varying degrees. UK Prime Minister Theresa May tightened visa rules for professionals by mandating minimum salary thresholds and language requirements. India has a Comprehensive Economic Cooperation Agreement with Singapore. Singapore has not denied work permits outright, but has kept them pending.
  6. PT Gurukul : A range of awesome courses at your fingertips - no travelling, no non-sense, no pollution, no risk, no waste of time - only 24x7 high quality learning at your fingertips!
  7. WTO’s Azevedo : This has even compelled WTO DG Roberto Azevedo to issue a caution: “At the domestic level policies are needed to help support the workers of today and train the workers of tomorrow. Closing the borders to trade would only worsen the situation – it would not bring jobs back, it would make more jobs disappear”. WTO estimates world trade in 2017 would grow between 1.8-3.6%, but might settle at 2.4% if world GDP sticks to projections. It also recognizes existence of downside risks, including protectionist measures implemented by the US and Australia.
  8. What is the real reason for the push? The more plausible justification is that these moves are designed to blunt India’s attempts to introduce trade facilitation in services (TFS) agreement, which is similar to TFA in goods. The TFS is also pitted against the TiSA, or Trade in Services Agreement, currently being negotiated outside the WTO by 23 members comprising mostly developed countries. We may expect that trade politics and diplomacy will possibly focus on services trade, especially at the WTO’s December Ministerial in Buenos Aires.
  9. Do check out exams-focussed Confidence and Vocabulary Booster series of learning resources, here
  10. Download Resources : PDFs on immigration etc. available on Bodhi Resources page here. And, here are some facts and images to help the case better.

Your Comments, Ratings and Reviews are welcome below
Keep our team motivated

Useful resources for you



Abrahamic religions,5,Agri-tech,4,Ancient history,2,Ancient sciences,1,Artforms and artists,1,Athletes and sportspersons,1,Aviation,2,Banking-credit-finance,14,Citizenship and immigration,11,Colonialism and imperialism,3,Commissions and Authorities,13,Companies and products,11,Constitutional and statutory roles,19,Corporates,11,Corruption and transparency,21,Crimes against women,4,Crop,1,Crops,3,Customs and traditions,5,Dance forms,1,Defence forces,18,Demography and prosperity,24,Demonetisation,12,Destitution and poverty,16,Dramatics,1,Eastern religions,4,Economic Survey,1,Economic treaties,8,Ecosystems,6,Education and employment,10,Educational institutions,5,Elections,11,Energy laws,3,Entrepreneurship and startups,5,Environment protection,8,Facts and numbers,13,Features of Indian economy,30,Fertilizers,3,Flora and fauna,1,Forests and resources,1,Formal and informal economy,12,Fossil fuels,2,GDP-GNP-PPP etc.,11,Gender inequality,6,Genocides,1,Global trade,17,Global warming,5,Government schemes,32,Habitat destruction,3,Healthcare and medicine,3,Higher education,5,Hinduism,5,Human and animal rights,2,IMF-WB-WTO-WHO-UNSC etc.,2,India's international relations,19,India’s international relations,2,Indian and world media,3,Indian history,12,Industries and services,25,Inflation,3,Infra projects and financing,8,Institutions and bodies,13,Intelligence and security,10,International law,5,Internet commerce,5,Inventions and discoveries,4,IPR,1,Irrigation,4,Jurisprudence,7,Knowledge economy,4,Land reforms and productivity,5,Legislature,14,LPG,4,Medieval history,1,Military and defence alliances,16,Military technology,6,Modern history,7,Modern technologies,7,Music,1,Natural disasters,2,New laws and amendments,26,News media,7,NGOs,1,Nuclear weapons,10,Oil and commodities,3,Oil economies,2,Organisations and treaties,7,Parks-reserves-sanctuaries,1,Parliament and assemblies,13,Persons and achievements,9,Pillars of science,3,Political bodies,3,Political parties and leaders,26,Political treaties,7,Pollution,8,Post-independence India,43,Poverty and hunger,8,Private bodies,4,Products and innovations,4,Professional sports,1,Protectionism and nationalism,18,Racism,3,Rainfall and Monsoon,1,Reformers,3,Regional conflicts,29,Regional leaders,20,Regulatory bodies,22,Renewable energy,3,Reservations and affirmative action,3,Revolutionaries,2,Rights and duties,5,Roads and railways,3,Scientists and thinkers,3,Separatism and insurgencies,4,Shipping and waterways,2,Space technology,1,Spirituality,6,Statistics,15,Super-powers,10,Taxation and revenues,21,Terrorist acts,7,Terrorist organisations and leaders,5,Tournaments and competitions,1,Trade,1,Trade barriers,8,Union budget,22,Warfare,15,World figures,30,World politics,13,World wars and conflicts,13,WTO and regional pacts,4,
Bodhi Saar: How global trade is getting hammered
How global trade is getting hammered
The rich world is great when it comes to lecturing others on openness. When their own interests are at stake, the volte face is unbelievable!
Bodhi Saar
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow TO READ FULL BODHI... Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy