Tuesday, August 03, 2004

A little bit more freedom 

While the world attention remains focused on the war on terror (at least one would hope so), two significant victories for free trade and open markets.

As part of the Doha round of negotiations, 147 members of the World Trade Organisation have struck an interim agreement that will cut billions of dollars of market-distorting
agricultural subsidies - primary offenders being, of course, the European Union and the United States.

And in Australia, after months of prevarication the Labor opposition finally decided to support the
Australia-United States Free Trade Agreement, which means that it is now certain to pass through the Australian Senate.


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