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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.

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Vangelis Vitalis

@VangelisVNZ 13 minutes ago

@IFTtweets @leemakiyama This is v much in the pattern of (trade) policy entrepreneurship. With #Depa -alongside as… twitter.com/i/web/status/1…

Initiative for Free Trade

@IFTtweets 22 minutes ago

@leemakiyama And since it doesn't depend upon leveraging TRQs etc., it is served well with unilateral tariff libera… twitter.com/i/web/status/1…

Lawrence Kay

@LawrenceBKay 33 minutes ago

This approach has a lot of potential for data in trade. twitter.com/IFTtweets/stat…

Initiative for Free Trade

@IFTtweets 38 minutes ago

UK trade policy needs to adopt this approach 👇: build deeply liberalising coalitions amongst like-minded partners,… twitter.com/i/web/status/1…

Guido Fawkes

@GuidoFawkes 4 hours ago

Congratulations to @SirGrahamBrady, re-elected chairman of the 1922 Committee.

BrexitCentral

@BrexitCentral 23 hours ago

.@ShankerASingham: “What would we be aligning to? EU regulation is not fixed in stone, it changes, and will change… twitter.com/i/web/status/1…

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