Earthjade
Member
Free trade agreements always have elements of coercion in them. This is now the US's preferred model has they believe their bargaining position will always give them favourable agreements. Get the other side to concede as much as possible while conceding as little as possible yourself is the name of the game.
This however, is not free trade - it is horse-trading.
For example, the US Australian agreement put sugar exports off the table because the US wants to maintain the right to protect its farmers. Beef exports as well, where we have a major comparative advantage, was also a no-no for the yanks. They also pushed us to extend our copyright laws to 70 years in order to protect their IP. We got nothing in return for this concession.
This however, is not free trade - it is horse-trading.
For example, the US Australian agreement put sugar exports off the table because the US wants to maintain the right to protect its farmers. Beef exports as well, where we have a major comparative advantage, was also a no-no for the yanks. They also pushed us to extend our copyright laws to 70 years in order to protect their IP. We got nothing in return for this concession.