Category Archives: WTO

Brexit, Communication, Economy, EU, Immigration, Media, Politics, Society, Trade, WTO

Looking after our own A2 TDS

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I’ll keep all these at 500 words, about, because longer just isn’t something that is practical with Brexit and trade.

As I said in the previous blog, looking after our own was one of the most important aspects of trade. It’s the very reason people trade. To have good communication with how we engage with the world and what the world creates is very important.

This is how we look after our own.

Yet the philosophy, or the way we think about “looking after our own” has transformed and changed, depending on who we think about. I can take the tact here, to say the isolationist view of “looking after our own” is counter productive but that would stop me from looking at both sides of the argument.

For instance, while writing this, there was an advertisement about some skin replenishing product. The sounds, the voice of the actress, interfered with my thought process and I forgot what angle I was taking. This is where anybody can be affected by how we make decisions related to what is important to us individually and by individually, I mean groups. I mean groups because we rely upon all groups to operate as connected units – amicably, because not amicably is problems.

So let’s take the macro economic (or the factor that affects the economies of the things that connects the micro aspects of economy, like nations and countries or country groups) view of this where we will see that every individual, or group or system operates. We will start to see, when people work together on shared interests, it works in harmony as they share the same ideals from a micro level, which will affect the mutual and harmonic interaction at a macro level, from national to beyond national levels.

Now, many will start to say at this point, what about the important roles that myself and my background or my heritage plays here. What about me, wanting to look after people that I call my own? Well, there isn’t a problem with that, because of what I stated above. The interesting side of “looking after our own” is, most humans share the same interests, regardless of nationality, race, culture and any other factor. Even races and cultures share many similarities – they are just explained, expressed and observed differently.

It is from this angle where looking after our own, becomes a shared interest to look after the nuances we feel are our own as well. For instance, if we take examples around the world. There are countries with multiple states and those states have multiple roles but collectively they share rules and regulations that are to the benefit of all members regardless of their background.

Now the ultimate benefit of this, is, if we focus on what we have in common and what are the important factors towards a progressive society, more people benefit. This also means benefit for different cultures and races as they become economic benefits that aid the production and creation of goods and services.

I think that’s enough for this one. It’s well below 500 words as well. I will add links and such at a later date. At present – I keep it simple.

Brexit, Communication, Economy, EU, Media, Myth, Politics, Society, Trade, WTO

No deal is a myth A1 TDS

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My first consideration with trade is it affects every part of a country’s behaviour and that starts from the people with the least in society. No country is an island, even if it is an island, physically – it’s not really an island. The sea is not a barrier and neither are other barriers. We’ll go through any notion of a barrier.

So that’s why, No deal is a myth. It doesn’t exist. Regardless of what happens, we’ll still need a deal. The question is why? The usual answer given, which is not an answer is, we can trade with the rest of the world. We can trade with the commonwealth. This being related to some idea that we had a commonality with the common wealth. We don’t. Not because we were in some self claimed control, but the majority of common wealth countries are not in the same income bracket – why is that important?

So as things go, this is becoming more and more complicated as more questions need to answered as we lead to different stages. So before I answer the notion of income brackets, I have to answer why we will still need a deal. Countries have politicians. They have political parties. They are always debating, arguing, to get people in their country onside so they can gain votes to win elections. This is the same in every single country. Now, if a country is trading in something, lets say potatoes – they don’t want to give all those potatoes away. So they add tariffs when trading overseas – to get a return from the goods they lose and also to take advantage of what another country needs.

A country wants to show another country that it looks after it’s own. It also wants to show this to their own people.

Now the problem with this is you treat other countries and their problems as a hostility. That in order to communicate we need to ask for some money so that we can give things to each other. In future blogs I will give examples of this and why it takes many many years to get a trade deal completed if by the above simple example this isn’t outlined through political issues between two countries, economic issues and social issues between two countries. Multiply that by 3, or 10 countries or more and you see how difficult it becomes as countries and politicians balance these factors.

This is why a trade deal helps issues. A trade deal creates mutual recognition on shared interests. Countries with lower income brackets do what a more prosperous countries goods and services, but not at the expense of their own goods and services. So this is where tariffs appear and why countries with lower income brackets will need those tariffs to gain a return for goods that have left the country. In the same way, they won’t buy from the UK because the UK requires more in tariffs because of the strength of the pound. This is why, the UK trades more with the EU and we buy bulk from lower income countries, goods that they can produce regularly. Which is why, it is easier for these nations to trade with countries of their own income bracket with less of a loss to themselves.

This is why trade deals are then created. To avoid tariffs you share different goods and services towards mutual benefit. How long does this take? Well, you will need to know you will continue to make those goods and services and also, what do you do if you can’t make those goods and services because either country will lose a lot of money for the people.

This is a first blog post which obviously opens up many issues on trade.

What I want to blog about is how trade helps but how it can hinder as well which is why good trade can help the people most vulnerable in society and that is what a trade story should be about.