LONDON, INTERNATIONAL POLICY NETWORK — This week India and South Korea sign an agreement that they say will reduce barriers and boost trade between our two important economies. But the reality of the Comprehensive Economic Partnership (CEPA) is in the fine print.
By signing a free trade agreement that does not actually free trade, our governments are denying us the best tools to fight the recession. They admit as much by saying it will pave the way to removing more barriers to commerce in the future, even though this agreement has been in the works for over three years.
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