SEPTEMBER 10, 2014 Trading with our neighbours by Qatar TodayBy Aparna Shivpuri,"Why has the profile of intra-GCC trade remained almost constant (in proportion to total trade) over the years? We go behind the scenes to find out what’s holding back the bloc."The issue of boosting intra-regional trade within the GCC has been in existence since the Council was established in May 1981. The six GCC countries – Bahrain, UAE, KSA, Oman, Qatar and Kuwait – have implemented numerous measures to push this agenda forward. Even though trade flow within the Council has gone up, it hasn’t achieved the desired results. According to the International Monetary Fund (IMF), in 1980 trade flows among the GCC countries were at approximately $8 billion (QR29 billion), which was about 4% of the region’s total trade with the rest of the world. By 2008, it had reached $67 billion (QR244 billion), which was equal to 6% of the total trade. According to data from the Bahrain Ministry of Industry and Commerce, at the end of 2012 intra-GCC trade was close to $100 billion (QR364 billion).According to a report by Booz & Company, the European Union’s common market generated 2.75 million jobs over a 15-year period…
Letter to the Financial Times (April 11, 2018) From Kai L. Chan, Montreal, Canada Sir, Standing up for American interests and actually improving the lives of Americans are different things. The heterodox economics espoused by Peter Navarro (Opinion, April 9) are reminiscent of the mercantilism that held sway in the 16th century. The “help” that Mr Navarro and Donald Trump are pushing forth in the trade dispute with China are more likely than not to be welfare decreasing for the whole world. A similar kind of help, likewise from another Asian rival in the 1980s, came when the US government pressured Japan to impose voluntary export restraints on their car manufacturers. That led to unambiguous welfare gains to Japan at the cost of Americans, even as politicians thought they had done a favour for the American people. Kai L. Chan Montreal, Canada Copyright The Financial Times Limited 2018. All rights reserved. Letter as it appeared in the FT. 
