Trade Matters ICC

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.

It might not be popular to say it but trade matters. In fact it matters today more than ever. We want to show you why…

#TradeMatters is an initiative of the International Chamber of Commerce (ICC)



Trade in the media

26 January 2017, Reuters
Tom Miles

WTO says $1 trillion global trade treaty about to come into force

24 January 2017, Financial Times
FT view

Take the US president’s protectionism seriously

23 January 2017, Financial Times
Shawn Donnan

Renegotiating Nafta: 5 points to keep in mind

17 January 2017, Financial Times
Martin Wolf

The economic peril of aggrieved nationalism

17 January 2017, Washington Post
Max Ehrenfreund

World leaders find hope for globalization in Davos amid populist revolt

17 January 2017, Wall Street Journal
Dana Cimilluca, Sam Schechner and Jenny Strasburg

Executives in Davos Optimistic Despite Surge in Antiglobal Sentiment

4 January 2017, Wall Street Journal
James Bacchus

Trump’s Challenge to the WTO