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January 2014

EU Commissioner for Development, Andris Piebalgs will today announce close to €3 billion in grants for countries and organizations in the region of Central Africa for the period 2014-2020. The announcement will be made during a more than two-day event to discuss development cooperation with Ministers and other authorities of the involved countries and regional organizations.

LONDON – The World Trade Organization’s ministerial conference in Bali in December produced a modest package of encouragements to global trade. More broadly, the WTO’s multilateral approach has shown its worth by preventing a massive increase in trade barriers, unlike in 1929-1930, when protectionism helped deepen and broaden the Great Depression. But the main question – whether globalization is a good thing, and for whom – remains unanswered.