free trade

Free trade is a mantra of economics, and became increasingly popular as a trade policy in the 20th century. Free trade facilitates economic development and peace by strengthening business and cultural links between nations. Critics of free trade are concerened about the impacts of globalization, unemployment, and a race to the bottom, if social and environmental standards are not adopted worldwide.

Related issues:

FTAA, NAFTA, Bretton Woods, international trade, market economy, capitalism, globalization, fair trade, WTO.

Position: fair trade should replace free trade.

'fair trade', in which trade is
subjected to other criteria, is what should
replace 'free trade'
  • abrogate NAFTA, the North America Free Trade
Agreement. Establish a parallel process to
provide a complete framework for international
trade that respects human rights, environmental
and social protections, and economic practices
existing at the national and local levels
  • end Canadian support for hydro-electric, fossil-
fuel, and nuclear-power mega-projects in other
  • establish MINS (Mandatory International
Normative Standards) drawn from international
principles and strongest regulations from United
Nations members states harmonized upwards
  • institute strong anti-dumping provisions,
wherein goods are exported at below-cost prices