Unfair trade facts

loading...

US dollars lost to trade barriers

in poor countries, this year

Customize how the counter should appear on your website


Standard look

This is an example of how the standard counter will look like (without a border).

1,700,979,034,603

US dollars lost to trade barriers

in poor countries, this year

By TheWorldCounts

Where should the counter appear?

Please enter the domain name of the website where you want the counter to be displayed


Customize the counter

You can custimize the basic look of the counter. If you require additional styling, you can do this on your own website.



You probably know what fair trade...
is. But what about unfair trade? Unfair trade is the reason why aid doesn't work. Trade barriers keep poor countries poor.

Top 5 facts about negative effects of trade barriers

1

Poor countries are supporting the rich

The poorest countries lose about 60,000 US dollars every second because of trade barriers. This is 14 times what they receive in aid! Poor countries would be better of giving aid to rich countries if these countries would open their markets to them.


2

An unrealized potential

Trade has the potential to be a powerful catalyst for human and economic development. However, the potential remains unrealized due in large part to unfair trade rules. The world’s highest trade barriers are erected against some of the poorest countries.


3

Trading out of poverty

“We are asking for the opportunity to compete, to sell our goods in western markets. In short we want to trade our way out of poverty”. (President Museveni of Uganda).


4

Something has gone completely wrong

Developed countries spend just over 1 billion US dollars a YEAR on aid for agriculture in poor countries, and just under 1 billion dollars a DAY subsidizing agricultural overproduction at home.


5

It would make a difference

The elimination of trade rules which favor rich countries could lift 300 million people out of poverty.



Negative effects of trade barriers

In 1999, the UN estimated that poor countries lost between 2 and 2.4 billion US dollars per day (that's between 730 and 876 billion dollars per year). At the time, this was equivalent to 14 times the foreign development aid (about 60 billion a year). Today, international aid is 119.8 billion US dollars a year. Assuming that the 1999 ratio between aid and losses persists, losses to poor countries today would be in the area of 1.9 trillion dollars. This is, of course, a very rough assumption and should be taken lightly; but international trade rules have not changed significantly since 1999.


Poor countries are supporting the rich

An unrealized potential

Trading out of poverty

Something has gone completely wrong

It would make a difference

Get TheWorldCounts newsletter

Interested in more facts like the negative effects of trade barriers? Then plug in and subscribe to our newsletter.


Suggested for you

TheWorldCounts is all about uncovering facts that will blow your mind.


Get ready to discover disturbing and amazing facts about our planet. Alright. Amaze me!

Like us on Facebook

A little click can go a long way. And if you feel couragous, please share.