International Economic Events in February 2000

Bangkok Declaration adopted by the 10th session of UNCTAD redefines globalisation as ``a powerful and dynamic force for growth and development'' and calls for a true partnership among countries on both sides of the development divide.

WTO appeals panel strikes down as illegal export subsidy a US tax provision allowing US companies abroad to avoid paying taxes on some overseas sales by channelling them through off shore subsidiaries.

GM, Ford and Daimler Chrysler decide to establish an independent online purchase exchange.