{"id":21022,"date":"2016-06-07T19:18:18","date_gmt":"2016-06-08T00:18:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21022"},"modified":"2016-06-07T19:18:18","modified_gmt":"2016-06-08T00:18:18","slug":"trade-negotiations-are-not-necessary","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21022","title":{"rendered":"Trade negotiations are not necessary"},"content":{"rendered":"

Trade negotiations are not necessary<\/a><\/h3>\n
\n
\n

From today\u2019s\u00a0Open Europe news summary:<\/p>\n

WTO CHIEF WARNS OF \u201cCOMPLEX AND DRAWN-OUT\u201d TRADE NEGOTIATIONS AFTER BREXIT<\/strong><\/p>\n

Roberto Azev\u00eado, Director-General of the WTO, has warned that it could take Britain decades to disentangle its trading relations with the EU and negotiate new ties with the rest of the world after Brexit. He told The Times, \u201cIt seems that there is a great deal of confusion about the trade implications of a British exit from the EU. I think it\u2019s important to provide the facts. The likelihood is that a British exit would lead to a sequence of complex negotiations \u2013 with the EU itself, with the 58 countries that have trade agreements with the EU, and also with all the other members of the WTO. These negotiations would be complex and drawn-out.\u201d<\/em>
\nMeanwhile, Prime Minister David Cameron said yesterday that leaving the EU would cause an immediate shock, then uncertainty, and negatively impact trade. Boris Johnson said the risks of remaining in the EU are \u201cmassive\u201d, due to the Eurozone and migrant crises.<\/em><\/p>\n

Source:\u00a0<\/em>The Times<\/em><\/a>\u00a0The Sun<\/em><\/a>\u00a0Institute for Fiscal Studies<\/em><\/a>\u00a0The Daily Telegraph: Hague<\/em><\/a><\/p>\n<\/blockquote>\n

No so-called trade negotiations are needed. The idea that a nation must seek the approval and reciprocity\u00a0in order to\u00a0lower or completely eliminate barriers to trade is one of the most persistent myths in all of economics. It is akin to believing that one cannot start a diet until everyone else starts a diet. Lowering barriers to trade does not require the cooperation of any other nation. All a nation has to do is unilaterally eliminate all barriers to foreign products. Such an action will lower the cost of living\u00a0for the citizens of the importing country.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trade negotiations are not necessary From today\u2019s\u00a0Open Europe news summary: WTO CHIEF WARNS OF \u201cCOMPLEX AND DRAWN-OUT\u201d TRADE NEGOTIATIONS AFTER BREXIT Roberto Azev\u00eado, Director-General of the WTO, has warned that it could take Britain decades to disentangle its trading relations with the EU and negotiate new ties with the rest of the world after Brexit. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[5582,7617,805,5854,896],"class_list":["post-21022","post","type-post","status-publish","format-standard","hentry","category-economics","tag-brexit","tag-mises-institute","tag-trade","tag-world-trade-organization","tag-wto"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21022"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21022\/revisions"}],"predecessor-version":[{"id":21023,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21022\/revisions\/21023"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}