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latest #tradefacts
#10 - Workers threatened by globalisation need support, not protectionism
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recourse to protectionism “to bring back jobs” is not a solution as the number of jobs put at risk will outnumber those directly protected and cause economic damage.
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International trade makes both sides of the trade better off: It facilitates economic growth in exporting countries and increases purchasing power on the import side because consumer prices fall.
#8 - Engagement helps making trade more sustainable, not sanctions
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Modern trade agreements increasingly include provisions pertaining to sustainable development, which gives rise to questions about their effective implementation and enforcement.
