Why Trade Matters
World trade receives a pretty bad press these days...
You might have heard the line that international trade is bad news for workers; that it destroys local communities; or that it degrades our planet.
Politicians on the campaign trail often claim that trade deals are simply a tool to help big companies at the expense of the man on the street.
And all the while no one speaks up for the benefits of international commerce. So it’s no wonder that public opinion on trade is souring in many countries around the world.
We think it’s time to set the record straight.
We’re not going to tell you that the global trading system is perfect. We too think there is scope for positive change to enable trade to better serve the needs of families across the world.
But it’s only right that any debate on the role of trade in today’s economy is balanced and evidence-based. Policies based on myth, hearsay or political hyperbole rarely work out well. Take protectionism: sheltering industries from global competition might sound like a good idea, but evidence shows that it creates real hardship in the long run.
#TradeMatters is an initiative of the International Chamber of Commerce (ICC)
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