Tuesday, 3 July 2018

Fair Trade?

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An interesting take from a man who as an executive of the automobile industry has been facing for decades unfair trade practices from countries that pretend to favour free trade. We have seen in previous posts (here and here and here) that in reality there is no such thing as free trade. Trade tends to be managed, with its terms hopefully negotiated in a mutually acceptable way.  It is, therefore, absolutely legitimate to try to make managed trade reflect considerations of substantial national interest. 

It seems more advisable to recognise that each country has specific interests it wants to see woven into the conditions under which trade takes place, rather than playing the untruthful game of "free trade".





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