Thoughts and views from a member of the IEG team.
Tradeblog

November 29, 2005

Hong Kong Trade Talks

Filed under: International Trade

Let’s hope something positive comes out of the WTO talks in Hong Kong next month.

The developed world should be doing all they can to help the developing countries break out of their cycle of poverty. 

And they shouldn’t use it as an opportunity to make more money out of the poor - by trying to link removal of farming subsidies with the removal of industrial tariffs by the poorer nations.  Without these tariffs manufacturing and industry will never really get off the ground in the developing countries.

Wouldn’t it be great to see more trade leads from the smaller African, Asian and South American countries?

We want them not just importing manufactured Western goods, but also exporting the produce of their own industry. 
We want them not just exporting raw materials but also importing the building blocks of the products they’ll sell for high profit.
           

 

No Comments

No comments yet.

RSS feed for comments on this post. TrackBack URI

Sorry, the comment form is closed at this time.