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2007-07-01 Down Under
US offers Canberra a trade fallback
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Posted by lotp 2007-07-01 00:00|| || Front Page|| [4 views ]  Top

#1 It is debatable that the US-Australia free trade agreement has been a success for Australia.

Posted by bernardz">bernardz  2007-07-01 04:24||   2007-07-01 04:24|| Front Page Top

#2 Flame away, freetrade is good for all.

Have cheep US imports hurt Oz? Remember, it's best that your consumers pay extra so their union neighbors can make 100k a year.

Posted by Shipman 2007-07-01 11:46||   2007-07-01 11:46|| Front Page Top

#3 Shipman, cher bernardz is French.
Posted by trailing wife 2007-07-01 13:54||   2007-07-01 13:54|| Front Page Top

#4 I would expect any free trade agreement to help and hurt different segments of any individual country's economic porfolio but the consumers to benefit regardless. Probably Austrailain vinyards are quietly pleased. Most likely those segments that grieved are pretty vocal.

I like the process of knitting together smaller trade agreements better than a one-step global agreement. There are just too many kooks throughout the world for an effective agreement. Free trade itslef implies competition among a variety of alternatives. A global agreement on trade would be every bit as effective as the UN - that's the problem.
Posted by Super Hose 2007-07-01 14:24||   2007-07-01 14:24|| Front Page Top

#5 "Free Trade" is an empty phrase that used to cover all sorts of regulations, barriers, and quotas that in the end someone else pays for. True "Free Trade" would mean something pretty close to our interstate commerce. However, even as open as that is, it has limits that restrict pure free trade.

The 'commons' doesn't exit, because someone always cheats and rationalizes why its ok for them to do so.
Posted by Procopius2k 2007-07-01 16:28||   2007-07-01 16:28|| Front Page Top

23:57 Mike N.
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