EU and Global Trade - real economy
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In just a few years 90 percent of the world's demand will be from outside Europe. So this edition of Real Economy explores the world of trade, and deals with our largest and emerging partners across the world. Now if you are wondering why we are talking about global trade, think about the fact that Europe's free trade agreement could potentially add 275 billion euros to the EU's GDP. That is like adding a country the size of Austria or Denmark to the economy. It would also mean an additional 2... READ MORE : http://www.euronews.com/2014/05/06/eu-and-global-trade What is in the news today? Click to watch: http://eurone.ws/1kb2gOl euronews: the most watched news channel in Europe Subscribe! http://eurone.ws/10ZCK4a euronews is available in 14 languages: http://eurone.ws/17moBCU In English: Website: http://www.euronews.com/news Facebook: http://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
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One very good point that's never brought up is why the EU is actually BAD for trade and actually makes overseas poverty worse. much of Northern and Sub-saharan Africa’s poverty is driven by the fact that they cannot export their agricultural produce, because their prices are uncompetitive compared to their adjacent market in Europe.
The trouble is, the European farmers are subsidised by the European Commissions Common Agricultural Policy to the tune of 56 Billion Euros per annum…..
So not only are we pumping more money into rich European farmers than we collectively give to Africa, we are doing so at the direct expense of the Africans (who the EC doesn’t care about because they’re not member states).
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