Where do we go from here?
I read this article a couple of weeks ago on the rising number of Trade Defense / Protectionist Measures being taken by policymakers around the world to protect their domestic industry. When I opened People's Daily today - apparently One-Third of Chinese companies are being affected by the defense measures being taken by most of the EU Countries. Obviously not a good thing. Take a look at the map below which I scored from Global Trade Alert;
To put it simply - the bigger the red dot, the more defensive measures its taking. Its obvious that its been mushrooming in Europe, China, North & South America. So in our case, when all of our customers are closing their doors, where do we export the rest of the shit that we keep producing? Another report prepared by GTA showed that we must also take into account that these are the measures enforeceable now; and the figures are prone to lags between the time it takes for policies to be reviewed up to the point where its published in the papers. I'm aware of Argentina's adoption of more Protectionist-measures since 3rd Quarter this yea but didn't expect to see EU propping up like mushrooms.
The way things are going - doesn't seem like 2012 will be a good year.
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