Understanding trade

Trade is often a simple scapegoat for the issues we face.

It is easier to blame open trade for our ills than to address difficult transformations our societies and economies are going through.

Our current international trading system isn’t perfect and ICC is continually working alongside other organisations to find ways of making trade more inclusive and easier for those who need it the most.

Trade agreements are the result of countless negotiations between hundreds of diverse countries with differing ideologies and interests—a delicate diplomatic balancing act. Because of this, it is inevitable that some economic sectors in a given country will express frustration with trade agreements from time to time. But these arduous negotiations are also testament to the recognition of all these countries that more open trade is an objective worth pursuing.

“My government's position is very simply this: economic prosperity has been demonstrated to be delivered by free trade and open markets - that is one of the major reasons why Australia has had 26 years of uninterrupted economic growth.”

Malcolm Turnbull, Prime Minister of Australia

Whatever our trading system’s imperfections, however, a number of common trade myths are stubbornly persistent and it’s time to set the record straight.

While correcting the above trade myths is necessary, there is also a positive case to make for trade—why it matters for jobs, growth, small business and the environment. View and share the below infographics to learn more about trade’s positive potential and, most importantly, to spread the word!

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