Blog Archives

Some people are panicking: KUALA LUMPUR, April 27 (Bernama) — In light of the swine-flu outbreak in Mexico, the Federation of Livestock Farmers’ Association of Malaysia (FLFAM) has strongly urged the government to stop pork imports until the situation is resolved. FLFAM market development manager and veterinarian Dr Kaw Eng Sun Monday advised the government […]

Steven Landsburg: All economists know that when American jobs are outsourced, Americans as a group are net winners. What we lose through lower wages is more than offset by what we gain through lower prices. In other words, the winners can more than afford to compensate the losers. Does that mean they ought to? Does […]

What is happening in Myanmar is nothing short of tragedy. Amid outrage, calls for actions against the junta of Myanmar could be loudly heard. Yet, what action is the most moral of all? The basis for action is simple: conscience calls it. Forceful suppression that leads to death invokes strong emotions. These emotions as well […]

Immanuel Kant wrote that free trade creates perpetual peace. Under the mercantilist era which he had lived in, the truth behind such idea cannot be any clearer. Mercantilism holds that trade is a zero-sum game with constant volume of global trade. As such, the most prosperous country is the country with the most supply of […]

Hail to the NYT for staying with rationality, instead of populism. Trade has been getting an unfair beating from Democrats. Party leaders backpedaled from their agreement with the White House to approve free trade pacts with Peru and Panama and are opposing the agreement with South Korea. They also refused to extend so-called fast track […]

In game theory, tit-for-tat is one of the most common strategies utilized with cold effectiveness. Recently within the realm of ASEAN, Thailand played such tactics on Malaysia due to the latter’s protectionist automotive policy. Accusing that thee Malaysian approved permit system acts as a non-tariff barrier, Thailand refused to grant ASEAN Free Trade Agreement tariff […]

[1203] Of ASEAN-EU FTA

After a stalled and disappointing Malaysia-US FTA negotiation, a better deal is coming our way. Today in Brunei, ASEAN and EU representatives met and agreed to start talking about a regional-wide FTA: BANDAR SERI BEGAWAN, May 4 (Bernama) — The European Union (EU) today agreed to enter into free trade area (FTA) talks with the […]

Economists are taking sides. It starts at The Economist: Despite a dispiriting start that saw the imposition of steel tariffs, the Bush administration has made great efforts on trade, pushing forward with both multilateral and bilateral deals. Its biggest goal, a substantive deal from the Doha round of World Trade Organisation negotiations, is currently on […]

In Malay, there is a saying that roughly goes “hendak seribu daya, tidak hendak seribu dalih“. It means where there is a will, there is a way. The proverb aptly describes the just recently agreed upon free trade deal between South Korea and the United States of America. The deal is agreed upon despite the […]

With one more day to catch the window granted to the US Trade Promotion Authority by the US Congress to fast track trade negotiations, it becomes increasingly clear that both the Malaysian and the US negotiators are going to miss it. As stated earlier, with the Democrats in control of the Congress, it would be […]

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