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Jim Lane

(11,175 posts)
18. The Kennedy Round under GATT (1967)
Sat Mar 28, 2015, 04:25 PM
Mar 2015

The strength of the free-traders' case for trade agreements is that, if every country enacts stiff protective tariffs for some of its own industries, then its own workers in other industries will suffer because of other countries' retaliatory tariffs. Trade is not a zero-sum game. The theory of comparative advantage, explained by David Ricardo almost 200 years ago, is fundamentally sound, and its implication is that there are frequently circumstances in which increased international trade leaves every country better off. Mutual reductions in tariffs can help to achieve that goal.

The relevance of all this to your question is that the Kennedy Round has been described by the Congressional Research Service as "the last round in which tariff reduction was the primary focus of trade negotiations." With the TPP, by contrast, critics on DU and elsewhere have pointed out that provisions concerning tariffs are a comparatively small part of its text. In the leaked drafts, the provisions that have drawn the most flak are non-tariff rules.

How about after researching trade agreements and accepting Obama is not out to sell us down river?nt Hoyt Mar 2015 #1
Good point. MannyGoldstein Mar 2015 #4
How exactly do you measure the impact of these agreements -- economic, environmental, security, Hoyt Mar 2015 #10
"KORUS Has Cost the United States 40,000 Jobs" MannyGoldstein Mar 2015 #12
Pins dropping ...now. L0oniX Mar 2015 #13
Jobs are definitely important, but these agreements are so much more. Two years is not Hoyt Mar 2015 #16
What would you consider to be a good model for free trade agrements MannyGoldstein Mar 2015 #17
The Kennedy Round under GATT (1967) Jim Lane Mar 2015 #18
Holy shit. 99Forever Mar 2015 #20
I have been opposed to this POS since I first heard about it. CaliforniaPeggy Mar 2015 #2
After it's been enacted for four years. OnyxCollie Mar 2015 #3
When you give it to them? JoePhilly Mar 2015 #5
A long fucking time ago. FiveGoodMen Mar 2015 #6
A long time ago. NaturalHigh Mar 2015 #7
How's about right fucking NOW! countryjake Mar 2015 #8
This message was self-deleted by its author 1000words Mar 2015 #9
Damn it all that does it! I'm investing in soap on a rope futures. L0oniX Mar 2015 #15
as soon as the full document is internet posted for all to see, with a 3 month review period nt msongs Mar 2015 #11
Does anyone remember the Canadian Corp that tried to get eminent domain on land for the pipe line? L0oniX Mar 2015 #14
All trade agreements since Reagan have been mmonk Mar 2015 #19
As soon as you are fully capable of accepting the "This time it will be different" clause after Tierra_y_Libertad Mar 2015 #21
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