Two news items today that strengthen the belief that trade is good.
First, the US and China agreed to end their dispute over Chinese tax breaks on computer chips. If nothing else it shows that the WTO can be used effectively to solve disputes.
the second story, which for now is not getting much coverage but could be huge in the longer run is that Pakistan is ready to discuss trade with India -DAWN - Business; 09 July, 2004
Pakistan ready to discuss trade with India -DAWN - Business; 09 July, 2004: "Pakistan is ready to discuss trade issues with India "
Which is More good news! The more countries trade with each other, the less likely they are to go to war with each other. So, like the news of Israel and Jordan that was discussed in the FinanceProfessor.com newsletter, trade talks between India and Pakistan are a step in the right direction :)