Good News For Poor Countries

One of the main methods for poor countries to get out of poverty is through free trade. Especially trade dealing with agriculture, since this is one of the few areas developing countries can compete in. This is one of the main reasons why trade tariffs and trade subsidies should be eliminated. Not only are both economically bad for a country, but they hurt the poorests countries in the process. That is why it was disheartening to learn that President Bush, like all other presidents before him, continued such an unfair practice.

But there is a positive side to all of this. It looks as though an agreement was reached between developing countries and developed countries, including the USA, EU and Japan. The agreement is to have the current subsidies phased out, and eventually, eliminated. Let's hope we keep moving in this direction in the future.

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