Regional Trade Agreements between equal partners can be beneficial
to both – but between a rich and a poor economy, the stronger
economy always comes out on top.
 A
regional free trade agreement removes all barriers to trade, meaning
that poor economies are not allowed to use import tariffs to protect
their growing industries or their farmers from floods of cheap imports.
The US and the EU in particular, are pressing
ahead with this piecemeal approach to trade. And without the advantage
of 'strength in numbers' that poor countries had at the WTO talks,
they are much more likely to be pressed into accepting unreasonable
demands of rich countries.
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act now
