A Quote by Ted Yoho
I am more interested in fair and balanced trade between nations than I am in free trade that encumbers us in a multinational pact that is refereed by the WTO.
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I'm not opposed to free trade if it's fair trade. But I am opposed to bad trade deals.
I am a believer in free trade, fair free trade.
I am a firm believer in free but fair trade. However the United States should not be on the losing end of trade agreements that are not enforced. It is time that we make China play fairly.
Free-trade enthusiasts fret that regional trade arrangements divert more trade than they create.
The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. 'Free trade' is used as a disguise to hide the power these agreements give to corporations to use lawsuits to overturn sovereign laws of nations that regulate pollution, food safety, GMOs, and minimum wages.
We are on pace this year to have a trade deficit that is larger than $800 billion. We have never faced that before, but we continue to put forward trade agreements like these that leave us naked to competition that is neither free nor fair.
My fellow economists and academics fail to understand the economics of trade in the real world. Traditional models of academia respect free trade without considering whether it is fair trade.
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
The pact creating a North American free-trade zone was President Bill Clinton's signature accomplishment; but NAFTA is also the bugaboo of union leaders, grassroots activists and Midwesterners who blame free trade for the factory closings they see in their hometowns.
I believe in free trade. I don't support regulating trade prices between different regions. Our point of view is we don't want trade barriers between different countries.
I know something about trade agreements. I was proud to help President Clinton pass the North American Free Trade Agreement in 1993 and create what is still the world's largest free-trade area, linking 426 million people and more than $12 trillion of goods and services.
Fair Trade is all about improving lives, but we don't do that through charity - there is no hand out in the Fair Trade movement. People are solving their own problems through Fair Trade.
Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.
Likewise, free trade does not, as evidenced in CAFTA, mean fair trade.
I often wonder why the West is much more interested in aid deliveries than in fair trade, for example. The fair exchange of goods would place far more money into the hands of the affected people than relief operations.
There's a lot of exaggerated talk about CAFTA, but it's actually a fairly routine trade agreement. Although it involves fairly small nations, they're still more important trade partners than places like Australia or many other larger nations.
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