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IT IS NOT FREE TRADE IT IS STRUCTURED FREE TRADE

IT IS NOT FREE TRADE, IT IS STRUCTURED FREE TRADE

I am someone who reads books on economics, such as Adam Smith’s, who emphasizes lands specializing in their certain industries.

FREE TRADE RUINS SPECIALISING!

Rules are for a reason. A rule book tells you that you must not build a two-story building there, that there must be a certain distance between trees… and so on.

Free trade has no rule book. It flattens the field into a barren, inhabitable landscape. Without a rule book, industries completely flatline. They do not specialise. They lose their edge. Free trade with no rule book is against what Adam Smith wrote in his book.

Take the example of Spain, full of sunshine and prime for producing olive oil, wine, and oranges, versus the United Kingdom, which specialises in producing pharmaceutical items and engines. A structured free-trade agreement between Spain and the United Kingdom would imply no import duty on goods such as olives, olive oil, citrus fruits, and certain wines produced in Spain when importing into the United Kingdom, and likewise no duty on pharmaceutical items, vehicle parts, and aircraft engines produced in the United Kingdom when importing into Spain.

This structured free-trade agreement will ensure that Spain can continue producing what it does best and let it thrive—and the same for the United Kingdom. Each country will craft its own agreements with its partner nations.

Structured free trade goes beyond free trade. Another example: the United Kingdom does not get sunshine as often and is not ideal for producing energy from solar panels. So a structured free-trade agreement between Morocco and the United Kingdom makes sense. Morocco has ample barren land excellent for installing solar panels, and the United Kingdom could install panels on its soil; in turn, the United Kingdom would help Morocco with what it does well—producing military equipment or training its army, for example.

They tell us free trade is good for business: that loosening barriers will make industries thrive. They tell us this is what trade wants—free trade. In fact, the opposite often happens. Free trade might be best for trade itself, but it is certainly not best for production, manufacturing, and certain businesses.

Free Trade Council
When a free-trade agreement is signed between two countries, each sector and each good are analysed. Since trade is always adapting and changing, a governing body oversees it all. Sometimes certain goods are added to or removed from the agreement; minor changes will not require government approval each time if the change is not substantial.

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