International Trade Law & Policy
This appeared on AmericanLegislator.org on February 3, 2015.
It is so widely accepted that citizens of countries embracing international trade fare better economically than citizens of countries that do not, it’s considered established fact. Open economies grow faster than closed economies. The World Bank has reported that per capita real income grew more than three times faster for developing countries that lowered trade barriers (5.0% per year) than other developing countries (1.4% per year) in the 1990s.  Think tanks from the Heritage Foundation to the Brookings Institution agree that freedom of international commerce in trade and services promotes economic development.
By reducing poverty, international trade also addresses some national security concerns. According the OECD, trade openness can be tangibly measured in terms of economic growth, productivity, a higher standard of living, further innovation, stronger institutions and infrastructure, and even the promotion of peace. Continue reading
Evelyn Suarez will be speaking on the Global Trade Update panel as part of the South Africa
Investment Forum, taking place in Capetown, South Africa, from December 3rd through the 4th.
A number of significant developments are currently underway which are likely to shape the rules for
global trade in the 21st century:
The U.S. and European Union, which together represent close to half of global GDP, have
launched negotiations on a “Transatlantic Trade & Investment Partnership” or T-TIP, which is
expected to set standards in such areas as: