The signing of a comprehensive agreement for free trade will increase the richness of the world 11 trillion dollars

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OCT 21, 2014 The signing of a comprehensive agreement for free trade will increase the richness of the world 11 trillion dollars                                                                                                                                                        GENEVA (AFP) - reported a study of economists published Tuesday that the signing of a comprehensive agreement for free trade in the framework of the Doha Round would increase the richness of the world 11 trillion dollars and will come out 160 million people out of poverty by 2030. The member states of the WTO negotiations began in 2001 in the Qatari capital for a comprehensive agreement that includes the reduction of trade tariffs and eliminating subsidies, but failed to reach an agreement. Experts say the economy in a series of studies conducted by the Institute of Copenhagen Konsensus published Tuesday that such an agreement would be an exceptional investment. The experts added that the application of such an agreement will not be free, but for every dollar will be spent for this purpose, the nations will see two thousand dollars, at least of the profits. Kim Anderson said the Australian expert and lead author of the study, told AFP "the cost is very low." He added that the biggest winner will be the developing countries, which typically have a higher tariff as commercial revenue will be closer to $ 3400 for each dollar they spend in order to implement the agreement. "The first is the appreciation that nearly 160 million people will go out of extreme poverty by 2030 if the dish agreement (Doha)." He said, "we will end up enormous profits." The World Trade Organization last year estimated that a comprehensive agreement for free trade will add hundreds of billions of dollars, or more than a trillion dollars to the total international trade. But the decade-long negotiations did not lead to a result, as the developed countries refuse to cut subsidies for farmers while refusing to developing countries to reduce tariffs imposed on industrial products. He acknowledged Bjorn Lomborg of the Copenhagen Institute Konsensus Center, "there will be losers," referring to the example of some European farmers who will lose government support for them. He added that the biggest gainers much, especially in developing countries. Lomborg said that such an agreement "will change the world dramatically. It can make the world's richest by almost ten percent by 2030 than it would be also that all people in developing countries will have an extra thousand dollars. " Lomborg told Anderson that they hoped that the study constitute a "strong argument" for supporters of the resumption of talks on free trade. He considered an expert economy Santiago Fernandez de Cordoba of the United Nations Conference on Trade and Development and David Vanzetti of the Australian National University in a commentary on the study, said economic growth alone is not sufficient to ensure the development of a broader. The experts wrote that "investment is the foundation. Must allocate capital properly and productively employed. Good governance is essential. " If such an agreement remained elusive, the studies showed that free trade agreements in Asia, local reap nearly two thousand dollars of profit for every dollar is spent. However, such agreements would be excluded Africa and thus "will miss the best opportunity to lift people out of poverty," according to Lomborg.

 

Experts: free trade agreement increases the richness of the world

Slogan of the World Trade Organization

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Tuesday, October 21, 2014 - 15:34 GMT Abu Dhabi 

Abu Dhabi - Sky News Arabia

Reported a study of economists, published on Tuesday, that the signing of a comprehensive agreement for free trade in the framework of the Doha Round, will increase the richness of the world 11 trillion dollars, and will come out 160 million people out of poverty by 2030.

The Member States of the WTO negotiations began in 2001 in the Qatari capital for a comprehensive agreement that includes the reduction of trade tariffs, and eliminates the subsidy, but they failed to reach an agreement.

Economists say a group studies conducted by the Institute Konsensus Copenhagen, published "Tuesday", if such an agreement would be an exceptional investment.

The experts added that the application of such an agreement will not be free, but for every dollar will be spent for this purpose, the nations will see at least two thousand dollars of profits.

The news agency "AFP" for Australian expert Kim Anderson "a very low cost."

He added that the biggest winner will be the developing countries, which typically have a higher tariff as commercial revenue will be approximately $ 3400 for each dollar they spend in order to implement the agreement.      

"The initial appreciation that nearly 160 million people will go out of extreme poverty by 2030 if the Doha agreement dish .. and end up a huge profit."

The World Trade Organization last year estimated that a comprehensive agreement for free trade will add hundreds of billions of dollars, or more than a trillion dollars on total international trade.

However, the ongoing negotiations a decade ago did not lead to a result, as the developed countries refuse to cut subsidies for farmers, while refusing to developing countries to reduce tariffs imposed on industrial products.