Thursday, September 10, 2009

Barriers to a more real free trade world

IMO international #trade is nowadays too complex in laws + systemics 4 most companies and people to engage in or even understand. Solution: Simplify!

One key barrier to rules simplification is related to the willingness and ability of national and other bureaucracies and admins to accept or adapt

As a result:

A Labyrinth of bilateral trade agreements, free trade areas on top of the WTO rules!!!

Hence IMO free trade and real globalization "suffer" because:

(1) "the man in the street" probably has or works for a small company that does not partake in global (or even inter-national) trade

(2) not only the man in the street but most people around the world cannot understand all this Labyrinth of PTAs, FTAs, WTO etc.

JMO

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BRs
Nick

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