Britain’s Free-Trade Case Against Europe

“The elemental case for secession is an economic one: The EU is taxing and regulating itself into irrelevance. When we joined in 1973, Western Europe accounted for 36% of global GDP. Today it’s 23% and in 2020 it will be 15%. ” Daniel Hanna, a member of the European Parliament said in his article Britain’s Free-Trade Case Against Europe published with Wall Street Journal. Political and social resistance to free trade agreement and market liberalization remain a major challenge to European Economy.  The world is recovering while the EU is not.   Read more:

 

 

 

 

Unfriendly Trade Policies Hinder Progress

Daily, millions of women in Africa are engaged in one form of trade or another, either within their countries or across national borders. They buy and sell everything, from agricultural produce to manufactured products. It is mostly women who conduct cross-border trade, delivering goods and services, reports the World Bank. Informal trade from women also account for between 20% and 75% of total employment in most countries, according to the interagency network. For example, within the Southern African Development Community region, informal cross-border trade, mostly in processed and unprocessed food, constitutes between 30% and 40% of the total trade volume annually. However, in many occasions, women are not treated equally which still significantly hinders trade liberalization in Africa. Read more:

 

 

 

Partner Story: Challenges Facing Long Distance Trucking Industry in East Africa Community

Despite recent economic growth in the East African Community (EAC), freedom to trade across borders remains stifled. The main trade barriers are extraneous transportation costs, particularly caused by corruption, bureaucratic time delays, and poor border infrastructure. If costs do not decrease soon, East African GDP growth will stall. To transport a 20-ton container from Mombasa to Nairobi costs $1,300, while a similar container from Mombasa to Kampala and Kigali costs $3,400 and $6,500 respectively. This is more than double the $1,200 one would incur to ship the same goods from Japan to Mombasa. What are blocking EAC’s way to prosperity? How long would EAC still have to wait to realize true freedom to trade regionally? Read more: