Sunday, November 13, 2005

India Calls for South Asian Free Trade Pact

Publius Pundit has a post on calls for a free trade agreement covering India, Bangladesh, Pakistan, Sri Lanka, Nepal, Bhutan, Afghanistan and the Maldives.

Perhaps Southern and Central America will pay attention to this since they are falling behind:

Sadly, Asia is eating Latin America’s lunch as the latter hunkers down into leftist isolationism, its economies shriveling. As Pedro Burelli has notes, Latin America ten years ago accounted for 10% of world GDP. Today, it accounts for 4.5%, a direct result of its refusal to face free markets, and its wholesale rejection of changes of the 1990s as ‘neoliberalism.’ The reality is, the flawed advances toward markets that Latam achieved in the 1990s should be reformed, not scrapped.

Are you paying attention Fidel Castro and Hugo Chavez?

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