Northerner
Admin (Retired)
- Relationship to Diabetes
- Type 1
Thousands of protesters are expected to take to the streets on Saturday against a new trade agreement which, depending on who you speak to, could save the economy or destroy it forever. We sift through the confusion.
World trade is NOT currently free
For example, trade between members of the European Union and the United States is subject to a 3% tariff on every deal. Compared to trade agreements, this is cheap. But, still, why not eliminate it altogether?
But this new deal proposes free trade between the US and the EU
The European Union and United States are currently negotiating a free trade agreement - known as the “Transatlantic Trade and Investment Partnership” (TTIP) - which, if successful, could purportedly raise Europe’s GDP by up to 0.9% and America’s by 0.8%.
http://www.mirror.co.uk/news/ampp3d/new-global-trade-deal-cheaper-4127332
World trade is NOT currently free
For example, trade between members of the European Union and the United States is subject to a 3% tariff on every deal. Compared to trade agreements, this is cheap. But, still, why not eliminate it altogether?
But this new deal proposes free trade between the US and the EU
The European Union and United States are currently negotiating a free trade agreement - known as the “Transatlantic Trade and Investment Partnership” (TTIP) - which, if successful, could purportedly raise Europe’s GDP by up to 0.9% and America’s by 0.8%.
http://www.mirror.co.uk/news/ampp3d/new-global-trade-deal-cheaper-4127332