Charles Moore Charles Moore

Trade comes before trade agreements (but the ‘in’ campaign don’t think so)

[audioplayer src=”http://rss.acast.com/viewfrom22/donaldtrumpsangryamerica/media.mp3″ title=”James Forsyth, Fraser Nelson & Isabel Hardman discuss the opening skirmishes of the EU referendum campaign” startat=540]

Listen
[/audioplayer]

The government, or at least David Cameron’s bit of it, seems to think that trade is something that takes place because of a trade agreement. The order is the other way round. People trade, and have done for several thousand years, because it is to their mutual advantage. After a bit, governments come along and try to direct and often impede it, but in the modern world of instant communications, ready transfers of money and container shipping, this has become blessedly difficult.

A friend, Edward Atkin, who has made a large fortune out of Avent baby bottles and like products, tells me: ‘I have never known or asked whether any of our customers in over 80 markets was trading in a country with or without a trade agreement with the EU.

Charles Moore
Written by
Charles Moore

Charles Moore is The Spectator’s chairman.

He is a former editor of the magazine, as well as the Sunday Telegraph and the Daily Telegraph. He became a non-affiliated peer in July 2020.

Topics in this article

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in