On November 22nd, APEC leaders vowed not to raise trade barriers over the next 12 months to the delight of PM Steven Harper. For the past few weeks, Harper has been discussing the issue with world leaders in an effort to keep free trade alive during the economic downturn. He’s also managed to sign a free trade agreement with Colombia just this week. Harper maintains the leading cause of the Great Depression was a result of bad decisions made by policy-makers, one of which was shutting down borders to trade in order to protect domestic jobs.

So how will the Obama administration react when in takes office in under 2 months time? It’s no secret that throughout the 2008 election campaign, Obama promised to restrict free trade agreements which he blames for the loss of US jobs due to outsourcing. He also mentioned renegotiating major trade agreements such as NAFTA. At the same time, currently serving President Bush advocates the exact opposite – keep borders open and allow free trade to continue.
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