Mir Moiz’s Weblog

Life is meaningful, only when one wishes to make it. We are creatures of time and we’ll wither away in it. The little moments of joy we find and create are all that will live with us.

Archive for November, 2013

Transatlantic Free Trade Area (TAFTA)

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A free trade area is always a welcome sigh for any economy. It is a form of economic emancipation where economies inclusively operate to provide value at higher levels.
While it has it’s positives there are aspects of increased competitiveness for businesses and a new balance to be sought. A new pivot where market forces find their center and strengths.

In my view this is a welcome sign. The world needs more borderless interactions that are less regulated at the macro level and more driven by the forces of demand and supply at the core. The challenge in the new landscape would indeed be the survivability of lesser lean players who could face a major windfall if they do not change. In time the impact of this will leverage upon the Asian economies as well, more so if this partnership between Europe and US includes increased manufacturing through automation!

As a 46% collective representation of world GDP coupled with the effects of a recently signed free trade deal between Canada and Europe. This entire order of change represents a near 60% global economic momentum.

Now we need to see its consequent effects from Asia.

© MIR

Image Source: Wikipedia

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