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Abstract: The 2012 rankings of trade freedom around the world indicate that trade freedom in the world has remained constant or regressed slightly since 2011. The lack of improvement is regrettable because countries with the most trade freedom have the highest per capita gross domestic product, the lowest incidence of hunger, and the cleanest environments. The U.S.
Last week, out of nowhere, a major bit of good news — something that is rare nowadays — made headlines worldwide. The global community had managed to reach, after two decades of painstaking negotiations, a historic agreement on the preservation of marine biodiversity, the most important component of biodiversity on the planet. The agreement came as a surprise mainly because
Introduction Over the past seven decades, the benefits of free trade have been recognized by growing numbers of individuals, businesses, and countries throughout the world. The creation of the General Agreement on Tariffs and Trade in 1947, establishment of the World Trade Organization in 1995, and negotiation of scores of preferential trade agreements have eased the flow of goods and services between individuals and firms, have added value to local economies, and have contributed enormously to the growth of the global economy.
Congress should objectively debate the merits both of approving andimplementing the U.S.-Bahrain Free Trade Agreement and ofsupporting U.S. leadership and negotiations in the WTO Doha Round.Domestic priorities, such as fostering economic growth and jobs andopening foreign markets for American farmers and manufacturers,fully mesh with negotiator's efforts to promote tradeliberalization.
Renewing the President's trade promotion authority to facilitate the completion of bilateral free trade agreements, reforming and reducing the scope of the farm bill to promote a successfulconclusion to the WTO Doha Development Round, and guarding againstpopulist, protectionist trade policy changes would go far towardexpanding economic opportunity in the U.S. and around the world.