WTO meeting commences in Hong Kong



European Trade Commissioner Peter Mandelson wrote a lukewarm op/ed in today's New York Times arguing that not only has "the European Union ... made significant concessions on agriculture on several occasions," but further that "Brazil, for example, should offer to reduce import tariffs on industrial goods." While it is easy for Mandelson to make sweeping generalizations about so-called "free" trade, he ignores all relevant data. In 2003 for example, Brazil imported four times from the US what the US imported from Brazil. In terms of Mandelson's own EU, Germany led the pack with a tenth of imports, followed by France's one-twentieth and Great Britain's one-fortieth. (All data from the WTO's own International Trade Centre.) Before Mandelson criticizes Brazilian trade policy, he would be apt to focus on current EU intentions. Just today the French Trade Minister told the New York Times, "The European Union will not make a new offer."

Even the Washington Post's generally abominable Robert Samuelson sees the light.
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