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Is free trade really free?

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Bharat Jhunjhunwala New Delhi
Last Updated : Feb 26 2013 | 1:25 AM IST
 Prime Minister Vajpayee and his team are seeking greater access to the food markets of developed countries like the US in the forthcoming Cancun ministerial summit of the World Trade Organisation (WTO).

 The underlying belief is that free trade will open up new markets for the farmers of developing countries, lead to an increase in the prices of their produce and bring prosperity.

 The hard reality, on the other hand, is that global prices of major agricultural produce

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First Published: Aug 14 2003 | 12:00 AM IST

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