Cu is very largely about agreed standards and passporting. How does it affect competitiveness?
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Replying to @panmisthropist
Unsurprisingly, you're not interested in actual dialogue. Here, how a customs union distorts the market: http://www.economicsonline.co.uk/Global_economics/Trade_creation.html …
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Replying to @hoongwaicheah @panmisthropist
And the article doesn't even touch on the complications of unbalanced subsidies.
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Replying to @hoongwaicheah
It concludes this.pic.twitter.com/9YQB6cSbXW
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Replying to @panmisthropist
Do you fail to understand that this precisely describes the distortion that is occurring...?
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Replying to @hoongwaicheah
Distortion assumes a natural state. None such esists. No market is free in any case. Not since Paleolithic times.
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Replying to @panmisthropist
i made clear that the distortion is relative to the world stage.
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Replying to @hoongwaicheah
There is no world stage. There is no world free market.
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Replying to @panmisthropist
You don't need a free market to have a world stage. "World stage" simply means trading with the rest of the world. Which the WTO facilitates
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