Now Japan and EU start talks on free trade deal
Thursday, March 28, 2013 at 8:17AM
Thomas P.M. Barnett in Citation Post, EU, Japan, US

FT story.

Comes right on the heels of recent talks with US to consider starting similar negotiations.

This is the West not waiting on the WTO, which is good.

It's also the West recognizing collective strengths, which is also good.

That's the funny thing about trade pacts - they tend to come when times are bad. 

Because, when times are good, everyone's too picky and demanding.  But when times are bad, and everyone assumes trade protectionism will rule, wiser heads prevail.

This is old-school globalization (1945-1980), and it's good to see that it's still capable of moving the ball forward.

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