Thursday, 16 September 2010

More Free Trade Fun

Tacked on at the end of an article about the EU meddling in France's policy on deporting Roma in the Evening Standard:

Foreign ministers will consider a proposal for EU members to waive tariffs on Pakistan textiles to help the country recover from its devastating floods. The move could be worth £250 million to Pakistan.

Right. So the $124 million that the UK has been sending as 'aid' to Pakistan on average every year was sort of to compensate them for the damage done to Pakistani cotton producers by the tariffs imposed by the EU?

What these governments need is a proper bookkeeper to sort out all this to-ing and fro-ing so that only one net sum of money changes hands in one direction, whereby £nil in either direction is probably a fair guesstimate.

4 comments:

James Higham said...

And now the EU are in collusion with the UN. Is there any value to us in this organization - either of them?

Mark Wadsworth said...

JH, the value of these organisations is huge! To themselves, unfortunately, not to us.

Steven_L said...

I was always under the impression that accountants (or bookkeepers) already ruled the world.

Interesting that an accountant is convinced it's the bureaucrats.

Of course, if I was in charge...

Mark Wadsworth said...

SL, accountants and auditors love making things complicated, and then they can't understand their own rules.

I mean a proper bookkeeper who records the substance of transactions rather than dressing them up as something else, who can tell the emperor he's got no clothes on.