Weaker countries should also benefit from trade agreements – that is at least the promise. A look at the EU agreement with the Andean countries Colombia, Peru and Ecuador shows that the reality is different: It mainly benefits large corporations, while small farmers and local trade suffer. And on top of that: Just as the trade agreement affects the economy, it leads to blatant environmental destruction and climate damage.
PowerShift's trading team examined the agreement with a view to the climatic consequences. In the podcast Compass World Economy, trade officer Alessa Hartmann and Nora Noll talk about how the Andean agreement harms the environment, biodiversity and climate.
Show notes
- Study on the climatic Effects of the Andean Agreement
- Powershift reader on the Andean Agreement
- Powershift video on the impact of free trade on Latin America
- Powershift video with local activists against the EU-Andean agreement
- This EU-Andean trade agreement
