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Trade Liberalization

What's The Use of Free Trade?

Monday, November 20, 2000

At their annual international get-together, developed countries in APEC demanded faster trade liberalization negotiations. Malaysia dared to take a contradictory line, and crisis-stricken Indonesia is also rather unhappy with the whole idea.

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They have come and gone for another year. The annual rites of the Asia Pacific Economic Cooperation forum are done, at great expense. Twenty-one heads of state attended last week’s meeting in the Nurul Iman palace, Bandar Seri Begawan, Brunei Darussalam. They have now gone back to their countries with a deal in their pockets. Well, sort of. They agreed to discuss world trade liberalization next year. Will they?

It was an anticlimax to say

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