×

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

Shanker Singham

@ShankerASingham 22 hours ago

The US UK FTA caucus led by Senators Portman and Coons has written to the US President requesting the US talks occu… twitter.com/i/web/status/1…

Dan Ikenson

@dikenson 18 hours ago

Go to zero tariffs and forego collecting statistics. Here's Bastiat's brilliant take on Customs officers:… twitter.com/i/web/status/1…

Matt Kilcoyne 😄

@MRJKilcoyne 19 hours ago

Having gone through the UK side's negotiating position I have some v brief thoughts: Firstly, the UK is placing a l… twitter.com/i/web/status/1…

No.10 Press Office

@Number10press 23 hours ago

Today we have set out further details on our approach to our future relationship with the EU, the core of which is… twitter.com/i/web/status/1…

George Riddell

@GeorgeMRiddell 22 hours ago

The definitions for what can be carried out by business visitors in critically important. Typically they're quite l… twitter.com/i/web/status/1…

George Riddell

@GeorgeMRiddell 22 hours ago

On Services first we have Professional and Business Services. Huge amount of cross-border trade in this area and o… twitter.com/i/web/status/1…

LATEST

VIDEOS

STAY INFORMED

@IFTtweets

iFreeTrade

NEWSLETTER SUBSCRIBE