Monday, July 28, 2008

WTO Doha Round

If you liked all that the previous trade agreements did for you then you will be enamoured by what the Bush Administration has in store for you now. Friday night they agreed to a bad deal because they didn't want to see the negotiations collapse. In the deal the US agreed to make serious cuts in support and serious reductions in import tariffs. What did we get in return? By all reports not much if anything except being able to say they got an agreement. I just cannot understand why a country as big and strong as the United States can't just sometimes say no?

Thankfully, the Chinese and Indians are not buying this deal so maybe it will fall apart. If not you better hang on for dear life.

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