Security, Trade and the Economy

How Developed Countries are Using Preferential Trade Agreements to Address ‘Unfair Trade’ Concerns

In this article, Dan discusses how many in developed countries believe that workers in their jurisdictions have been negatively impacted by trade, primarily as a result of labour cost differences between developed and developing jurisdictions. Whether justified or not, the ‘unfair trade’ complaint has been adopted by politicians in developed countries, many of whom have tried to address disparities in labour cost through bilateral and plurilateral trade agreements with developing countries.