Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-01-Speech-4-143"
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"en.20051201.30.4-143"2
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"After Seattle, Doha and Cancun, now comes the turn of the Hong Kong Ministerial Conference to continue 60 years of philosophical and technical mistakes with regard to the reduction and, in the long run, abolition of import duties. This is done in the name of a Ricardian theory that is not only devoid of any serious scientific foundation, but is above all constantly contradicted by the facts.
The continuous decrease in import duties is supposed to promote economic prosperity. Well, following decades of non-existent customs barriers, Africa continues to grow poorer. The abolition of import duties is supposed to create ‘the wealth of nations’. Well, in North America, the free trade agreement – the so-called NAFTA – of 1994 destroyed Mexican farmers.
The people are supposed to want this decrease in import duties. Well, in November 2005, the indigenous people of the Andes – in Ecuador, for instance – rejected the FTA – the Free Trade Agreement – which the Bush Administration seeks to impose on Colombia, Peru and Ecuador.
The World Bank, the OECD, the IMF and the WTO explain at length that lowering customs barriers means increasing living standards. Well, the ‘banana affair’ is there to dispute that. The WTO and the WTO conference together represent the slave market embellished by Ricardo, Adam Smith and other fraudulent preachers of the jungle Bible."@en1
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