Wednesday, December 20, 2006

Pres. Signs GSP and other Trade Measures

So GSP survives for another 2 years with some new restrictions on Competitive Needs Limits. The restrictions are supposed to help the lesser developed of the beneficiary developing countries benefit from GSP as opposed to the larger economies like Brazil, India, and Thailand. One has to wonder how that is going to work. It seems more likely that if those countries lose GSP either for certain commodities or entirely, that trade will most likely shift to China rather than, say, Nepal, Columbia or Benin.

I'll let my day job do the talking on this one: click here. Sorry for taking the lazy way out.

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