Not exact matches
While the documents released Friday paint a rosy picture of
gains from Canada's most ambitious
trade negotiation since the North American Free Trade Agreement of two decades ago, the European gains are also consider
trade negotiation since the North American Free
Trade Agreement of two decades ago, the European gains are also consider
Trade Agreement of two decades ago, the European
gains are also considerable.
Where too much conventional analysis goes wrong is in attributing this to
trade agreements and in failing to recognize offsetting job
gains from exports.
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Some of these
agreements have resulted in significant market opening; others have been of lower standard and have dodged the tough issues necessary to maximize income
gains from trade; still others have resulted in
trade diversion rather than
trade creation and have created a so - called «noodle bowl» of overlapping and sometimes contradictory
agreements that have become a thicket of regulations that businesses often find difficult to understand.
A report
from the United Nations Conference on
Trade and Development concluded that a Doha
agreement could cost developing countries huge losses in tariff revenue, four times as much as any benefits they might
gain.
The economic
gains from such deals come only partly
from the efficiency
gains that emerge
from removal of distortions to prices; however, an important feature of these
agreements is that they address the various rules under which
trade and investment take place.
With respect to the United States, half of Canadians (51 %) hold the opinion that the
gains from securing a
trade pact with Japan, Mexico, Singapore, Australia and the other TPP nations, outweigh the retaliatory risks that may come
from the U.S., if they are upset by new
agreement:
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