Rich 'plan to exploit Third World'

Metro London, 26 February 2003

Plans to open up Third World markets to multinational corporations under the guise of development will actually harm the world's poorest countries, campaigners claimed yesterday. Leaked documents revealed European Union demands, signed up to by Britain, for the stripping away of laws restricting actvivites of MNCs in developing countries. This would lead to wealthy firms buying up essential services such as water and energy and taking the profits out of the country, the World Development Movement said. 'These documents confirm our worst fears,' it added, 'the extent to which Europe's priorities reflect the interests of European business alone.'

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