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Poor Countries Demand Tech Transfer at WTO Debate
March 20, 2018
At a recent discussion hosted at the World Trade Organization (WTO), a group of "least-developed" countries pushed the WTO's Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) to demand that developed countries fulfill their "obligations" to pressure companies to transfer technology to impoverished nations.
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NGOs Launch BHR Reporting Project for Garment Sector
March 20, 2018
The Sustainable Apparel Coalition and the Partnership for Sustainable Textiles have signed a letter of intent to coordinate their efforts to develop reporting and verification systems for due diligence and reporting of social and environmental impacts by companies in the garment industry in line with the UN Guiding Principles on Business and Human Rights (BHR).
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Class Action Targets Nestlé over Labor Reporting
March 20, 2018
Highlighting the potentially high costs of laws requiring public corporate disclosure of human rights and environmental risks, Reuters reports that a Massachusetts resident is seeking to open a class-action lawsuit against Nestlé accusing the company of deceptive practices for failing to disclose instances of child and forced labor in its global supply chain.
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IMF Chief Warns of US Tax Cut Impacts
March 19, 2018
Bloomberg reports that Managing Director of the International Monetary Fund (IMF) Christine Lagarde has warned that the recently passed US corporate tax cuts could fuel a "race to the bottom" in countries around the world, reducing revenue needed for public spending on defense, infrastructure, and social programs.
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Czech MEP Seeks Focus on Rights in Trade Relations
March 19, 2018
Czech Member of the European Parliament (MEP) Tomáš Zdechovský called for an EU investigation into whether the supranational organization is violating its treaty rules by continuing trade relations with countries accused of extensive violations of international human-rights conventions.
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