Only two quibbles with this obviously sensible policy:
In our view, Real Trade would require rich countries to do five things:
open their markets unilaterally to the products of all low-income
countries; liberalise the "rules of origin" that result in 40 per cent
of imports that should enter Europe tariff-free paying duties; give
incentives to reduce the high tariff barriers between developing
countries; abolish export subsidies that damage Third World
agriculture; and give more Aid for Trade to help poor countries develop
their exports.
In what way is this an advance on what is already done? Can’t remember what the Lome convention is now called, but doesn’t it include tariff free access for the poor? Or is it still restricted?
The other one is why is such unilateral free trade restricted to poor nations? Why not everyone?
One slight sadness: this is one of those stories that Owen Barder would obviously be able to comment upon usefully. As we all know, given the Mail’s attack upon him, he no longer blogs. Thanks a lot guys.
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