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The ultimate goal is free trade : Comments
By David Leyonhjelm, published 17/4/2014Some people choose to do things that they are not necessarily the best at, and then convince governments to protect them. Trade agreements are aimed at unwinding this protection.
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Which has never existed, doesn't exist and won't ever exist.
"Some people choose to do things that they are not necessarily the best at"
"the fact that imported inputs would be cheaper."
So is it the "best" you really want, or the cheapest?
China can make everything cheaper than anywhere else, but is anything they make the "best"?
Everything they make is crap!
"The popular notion that free trade requires reciprocal agreements is wrong."
Right, we'll have no restrictions on their goods coming in.
While they keep their own restrictions intact.
Brilliant!
"One of the problems with bilateral free trade agreements is that they discriminate against countries that are not included."
Well, what's stopping them making their own agreements?
Obviously, they don't want to or they'd already be doing that.
If they are disadvantaged, it's their own fault.
"Japan will recognise that there is no particular reason to favour Australia."
But in your free trade everywhere hypothesis, there would be no reason to "favour" anyone EVER!
"Some people are their own worst enemies."
Like activists who use the clunkiest argument imaginable?
P.S. Hong Kong isn't and never was a "nation".