Archive for July 26, 2011

Sweet Trade Irony

July 26, 2011 Leave a comment

WTO Chief Blasts Small Pacts, Says They Hamper Global Opportunities

A world where lumbering global bureaucracies work less effectively and swiftly than individual countries pursuing their own trade destinies is a world I like living in. With the Doha round of talks stuck in quicksand (the more they meet and talk it seems the more they sink), it likely never occurred to many that trade never needed an elite entity governing it in the first place. (Mind you, global trade is surging again these days, with or without the WTO.)

 And then wouldn’t it be grand if next mercantilist individual countries digested this same lesson and let their constituent trading companies go free of tariffs and other similar trade obstructions? That would be an even better world for all.


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