Would you support your country joining an 'open invite' Free Trade Agreement with the only stipulation being the implementation of a Carbon Tax? (sh.itjust.works)

submitted 1 year ago by Yondoza@sh.itjust.works to c/asklemmy@lemmy.ml

35 comments fedilink hide all child comments

The way I see it, the major barrier to countries implementing carbon taxes is the fear their economic competitors won't do the same, therefore hindering their economic growth needlessly. A valid concern.

Why don't some nations build an 'opt in' style Free Trade Agreement that allows any country to join as long as they prove they have implemented and enforced a carbon tax. Those countries then have high financial incentives to only trade within the 'carbon tax block' and any country outside is at a serious trade disadvantage.

I've (quickly) looked and have not found anything like this proposed (which is frankly crazy).

Would you support your country jumping into this FTA?

What are the unforeseen downsides or objections to a plan like this?

you are viewing a single comment's thread
view the rest of the comments

[-] MxM111@kbin.social 1 points 1 year ago

So, China might make equivalent of FTA, but without carbon taxes. And saying that "our FTA" would tax more if the product originated outside of "our FTA" simply means tariff wars, since the countries outside of our FTA would tax our goods more.

On top of this, countries have tariffs for reasons, including protecting internal production and revenue collection. Getting into "our FTA" means that they lose those benefits.

TLDR: It is not that simple, and not clear cut that it will work overall.

this post was submitted on 18 Sep 2023

44 points (87.9% liked)

Asklemmy

43989 readers

1216 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS