A NACLA Radio interview with Manuel Pérez-Rocha on his article, "Free Trade's Chilling Effects," from the latest NACLA Report, Free Trade 2.0. and one way that free trade agreements enrich foreign companies at the expense of poor countries.
A World Bank tribunal ruled last week that the Pacific Rim Mining Corporation can't sue the government of El Salvador under DR-CAFTA for denying its mining permit—but can proceed under El Salvador's own investment law using the same international tribunal. The case could undermine the growing campaign in El Salvador to legally ban metallic mining.
More than 240 U.S. and international labor, environmental, and civil society organizations are calling for the World Bank to dismiss a $77 million lawsuit brought by the Pacific Rim Mining Corporation against the government of El Salvador under DR-CAFTA, for failing to grant a permit for its proposed cyanide-leach gold mining operation.
President Mauricio Funes reaffirmed last week that no mining projects will be permitted in El Salvador during his presidency, and condemned the recent murders of anti-mining activists. But anti-mining organizations want a permanent legal ban on mining activity, and are critical of the government’s ongoing study to evaluate the costs and benefits of mining. At a recent meeting with international solidarity activists, Environmental Minister Herman Rosa Chávez offered insight into the government’s position.