Gamesmith94134: the Free-trade charade



I often criticize the trade agreement that are not genuinely free-trade, in the process the USTR have manipulated tariff and license through the corporate culture and macroeconomic politics that they represent the corporate interest instead of the people. It is how many claim that we American are the imperialist or the US is committed to a lack of transparency. Often, American would take advantage of those under developed or financed, since the free-trade agreement must be initiated by the USTR or politician, like Mr. Joseph E. Stiglitz would have suggested that even the Congress is kept in darkness and there is a real risk that an agreement will sacrifice basic values to commercial interests. Perhaps, it is how we are falling into the cement of the financial crisis and there is no response from the politicians or trade representatives explaining what was done. Inasmuch, World trade Organization turn itself into a toothless tiger, or even being manipulated to accommodate in these trade disputes. In some respective cases, WTO sent silence and the value of commercial interests is not being restored.



However, I found the recent development in CFTC Adopts Cross-Border Swaps Rules could bring a better guideline for WTO to adopt and follow. It is helpful bring trade agreements in transparent view from macro-economic finance, commodity or Agribusiness through the cross-Border swaps.

http://legaltimes.typepad.com/blt/2013/07/cftc-adopts-cross-border-swaps-rules.html

He also asked what enforcement and legal authority is provided by the guidance. Marcus said the "guidance itself is not binding strictly. We couldn't go into court and...list the violation of the guidance as an actionable claim. But the guidance does tell market participants what the commission's current views are about how to -- how [section] 2(i) applies in the cross-border context and the statute gives us that enforcement authority."



In the recent developments, IMF agreed to the capital control is a better tool to macro-economic, and why not WTO asserts to its title “Commodity Futures Trading Commission” to the world trade after oversight by the trading Zones like AU, ASEAN, OAS, North America and OCED to Europe? By now, we all understand how we have surpassed the preemption on tariff and tax that many buried themselves in the graveyard of the debts with no revenues. It is certainly hard to thwart off the trade representatives with less value of commercial interests or let the few politicians using the pork barrel to bear its country’s asset to ruin; since the trade agreement is not justified to the value of its commercial interest, and the weaker countries are much too easy to be persuaded or manipulated.



Perhaps, each must apply to the rule of the Zone that finance and develop its commodity with reserves that can maintain the value or price; instead of, being invaded with capitals that lure to buy-out or just changing hands of owners, and give no productivity but inflation. In the past, I believe it were the technology transfer that made its industry growth; but the experience told me the balance on the labor’s income growth and productivity is not relevant. Often, inflation and national debts won. Perhaps, we really need to set our paces to growth accordingly rather than presume.



I really believe that WTO should bring the entities of sovereignty to weigh on livelihood of its citizens; and the trade Zones must set value and insurance on its asset to trade to maintain the free-trade agreement. With the agreement of IMF on the capital control, they is hope to sanity in trade and finance for the world; but we must give zones to breathe than being overwhelmed with favoritism. Tax free and low tariff can blindside the value of the goods and services, and trade war makes tumbles in the worst on development or growth for all.



May the Buddha bless you?

