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Free Trade Negotiations


Nov 17, 2005
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Here is some news regarding trade negotiations between Asia and Europe:

NOV. 18 2:13 P.M. ET Pacific rim leaders called on Europe to be more flexible during world trade negotiations, warning on Friday that talks next month could be the last chance to make progress on freeing markets anytime soon.
The leaders, opening a two-day summit of the 21-member Asia Pacific Economic Cooperation forum, urged Europe to be open to compromise at December's World Trade Organization meeting in Hong Kong. Disputes, mainly over subsidies protecting European farmers, have dampened hopes for the talks.
"We're basically saying that now the ball is in Europe's court," South Korean Foreign Minister Ban Ki-moon told reporters in the port city of Busan.

Source: http://www.businessweek.com/ap/financialnews/D8DV2G38A.htm?campaign_id=apn_home_down&chan=db

Do you think that free trade is beneficial to Asia and Europe? Do you think that it is beneficial to the world as a whole? Both Republicans and Democrats tend to be supportive of it, but strong dissent has come both from the left (e.g. Ralph Nader) and the right (e.g. Pat Buchanan). What is your opinion on the matter?
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