WTO and Agriculture
This report comes from the Bloomberg news website.
The WTO talks are demanding lowering of tariffs on industrial products, as well as reduction of barriers on importing certain agricultural products from the Third World. The agriculture problems has received the most attention during this round of talks.
Though trade is necessary to keep a national economy going, it must not be the backbone of it. To be prosperous, a nation must have a decentralized government and economic structure. It is a tenet of Distributist Thought that the local economy takes precedence over the global economy, even if that local economy is that of the nation. Leaving trade decisions to a would-be world controller like the WTO is folly.
Fixing of tariffs rates between nations must be negotiated between the nations themselves, not through enemies of national economic sovereignty like the WTO.
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