×

STAY INFORMED

@IFTtweets

iFreeTrade

NEWSLETTER SUBSCRIBE

Free trade has lifted mankind to a level of wealth that was recently unimaginable. In 1990, 38 percent of human beings lived in extreme poverty; today, that figure has fallen to 8 per cent, as previously closed African and Asian economies have joined the global market.

Yet, paradoxically, free trade has never been so out of fashion. Across the world, idealistic people march against trade deals, protest G20 summits, occupy stock exchanges, sincerely believing that, in doing so, they are standing up for the poor against multinational corporations – when, in reality, they are doing the opposite.

Politicians naturally respond to public opinion. We are witnessing a trade war between the world’s largest and second-largest economies. The Uruguay Round, concluded in 1994, was the last successful comprehensive multilateral trade negotiation. Until CPTPP, the last major regional trade deals were ASEAN and NAFTA, agreed in the early 1990s.

We need to recapture the moral case for open commerce. Free trade is not simply a way to buy cheaper iPhones. It is the ultimate instrument of poverty alleviation, conflict resolution and social justice.

LATEST

NEWS & COMMENTARY

TWITTER

@IFTtweets

Liz Truss

@trussliz 10 hours ago

At today’s #G20 Trade Ministers’ meeting I called for leaders to: 👉 remove barriers and tariffs on essential medica… twitter.com/i/web/status/1…

Shawn Donnan

@sdonnan 11 hours ago

A reminder that EU has been among the economies putting up barriers to trade during the pandemic... twitter.com/philhoganeu/st…

Bloomberg Economics

@economics 12 hours ago

Protectionism goes local for towns, states trying to control virus (via @sdonnan) trib.al/VZfsQQP

Initiative for Free Trade

@IFTtweets 14 hours ago

"It's my estimate that 56 governments have now banned certain different types of medical supplies from being export… twitter.com/i/web/status/1…

ECIPE

@ECIPE 16 hours ago

🎧 New Podcast Episode: #Protectionism before, during, and after the #Coronavirus Pandemic ➡️… twitter.com/i/web/status/1…

Adam Smith Institute

@ASI 14 hours ago

How is the world responding to Covid-19? Join the first ASI Webinar tomorrow at 6.00pm: ➡️ @s8mb on UK 🇬🇧 ➡️… twitter.com/i/web/status/1…

LATEST

VIDEOS

STAY INFORMED

@IFTtweets

iFreeTrade

NEWSLETTER SUBSCRIBE