We all know that the BRICs are; Brazil, Russia, India, and China. They seem to have banded together in a trading bloc to help each other, they all consider themselves fast-moving emerging nations, and they realize with their demographics, vast resources, and growing economies that together they can harvest their synergies and move forward even faster. Yes, looking at these countries as a trading bloc, I would concur, except for one thing.
Each of these nations has challenges of their own, whether it be; inflation, currency, banking systems, corrupt leadership, or the fact that each one of them at times has been less than honorable in free and fair trade negotiations with the rest of the world. Now then, each of these nations has had one or more of these problems over the last decade, and one only has to read Foreign Affairs Magazine, Global Finance, The Economist, or any number of other similar publications to understand what I'm talking about.
Needless to say, all is not well, as per the propaganda from the BRIC nations. Now then, there was an interesting article recently on Terra Daily Online News in the "Trade Wars" section entitled; "Brazil to slap quality control on China goods," by Staff Writers in Sao Paulo (AFP), published on Feb 25, 2012. The article stated;
"Brazil plans to impose strict quality control on imports from China and other Asian nations to prevent the influx of cheap goods," and Brazil stated that the; "border controls would ensure that imports from Asia, particularly China, meet the standards set by the National Institute of Metrology, Quality and Technology (INMETRO) and comply with safety norms applied to domestic retail goods. Products which fail the tests would not be allowed into the country."
It is interesting, that Brazil would step up to the plate so quickly to right what they feel to be a wrong, and the United States refuses to enforce its own regulations on those goods being imported to our country, or the fact that we are being manipulated in less than fair trade practices with our number one trading partner. Okay so, I ask; "are the bricks (BRICs) crumbling over free trade issues?"
Obviously, nothing will ever go smoothly when you are trading goods and services at such a high volume. Each of the players involved in the free market, all the businesses involved, and in this case it gets more complicated with state owned companies that want to get a leg up on the negotiation, and get more for what they are trading. However, until the brick countries agree to trade using a Western style win-win scenario, there will be nothing but turbulence in their transactions. Indeed I hope you will please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on Future Concepts. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
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