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How the Global Free Trade Alliance Enhances America's Overall Trading Strategy |
| Section: CURRENT ISSUES / SPECIAL REPORT--FREE TRADE FRACAS |
| Author: Edwin J. Feulner, John C. Hulsman, and Brett D. Schaefer |
| Publication: The world & I online |
| Issue Date: 2/1/2006 |
| Size: 3,206 Words, 21,837 Characters |
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The following article was published by the Heritage Foundation in August 2004.
America's economy thrives on trade. The United States has seen its economy and per capita income grow strongly as trade has become an ever greater portion of the country's gross domestic product (GDP). It is in America's economic interest to continue to expand trade by lowering barriers to goods and services in the U.S. and in other countries. Traditionally, America has focused on multilateral efforts to liberalize trade, through the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). More recently, the Bush administration has increased U.S. emphasis on bilateral and regional free trade agreements to supplement multilateral negotiations. Although all of these options ...
. . .
...ust facilitate trade among its members, and not raise trade barriers between its members and other nations."
11. Margaret Thatcher, Statecraft (London: HarperCollins, 2002), p. 405.
12. Ann M. Veneman and Robert T. Zoellick, press briefing, U.S. Department of Agriculture, August 13, 2002, at www.usda.gov/ news/releases/2002/08/0341.htm (July 30, 2004).
© 2004 The Heritage Foundation
(806 of 21,837 characters)
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