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Heads of state to combat neo-protectionism

With the international financial crisis deepens, countries have introduced schemes to stimulate the economy, but also use the opportunity to a new resurgence of protectionism, for which countries have expressed concern about the politicians and critics.

February 10, Japanese Finance Minister Shoichi Nakagawa said that the World Trade Organization, all members should abide by the principle of trade liberalization, “We have in the ‘Great Depression’ during the taste-off of trade protectionism lesson”, if the same steel imports tariff re-implemented, it would be “disastrous.”

British Prime Minister Brown, February 9 in the Parliament said European countries must be on guard against “protectionism.” The international community should use the upcoming G-20 meetings, such as the International Monetary Fund reform such international financial institutions, so that the world economy away from the “financial protectionism” and “economic nationalism.”

Czech President Vaclav Klaus said on February 9, in the world to deal with the economic crisis period, the implementation of trade protectionism is not desirable. Czech Prime Minister Topolanek said that the implementation of the principle of trade protectionism may be extended throughout the crisis, but also will hinder the EU’s internal unity.

German Chancellor Angela Merkel also has a number of occasions expressed opposition to trade protectionism over and over again, she warned the United States due to global economic crisis should not be trapped in the quagmire of trade protectionism.

Canadian Prime Minister Harper in recent days the United States relating to trade protectionism against the provisions of criticism that it is not only a violation of World Trade Organization agreements and the North American Free Trade Agreement of the spirit, but also broke the United States to promote its own commitment to eliminate global trade barriers, but also contrary to last year, held in Washington in November of the Group of 20 financial summit in the spirit. He urged the U.S. side fulfill its international commitments.

Dutch Finance Minister February 9 pointed out that developed countries should have responsibility for financial crisis, if the means of recourse to protectionism would be tantamount to allowing developing countries to this crisis “bill.”

British business minister Peter Mandelson has warned that the current existence of a real danger that some of the government and enterprises to protectionism as a panacea, “but in terms of economic recovery, it is a poison.” The last century, people should learn a lesson from the 30’s, in the 21st century should not repeat the same mistakes. He said, “would certainly protectionist economy from recession into depression.”

In this year’s Davos World Economic Forum, become a strong tone against protectionism. Japanese Prime Minister Taro Aso said: “We will resolutely struggle and protectionism.”

In order to curb protectionism in many countries throughout the world leaders called for strengthening global coordination, a common response to the current economic crisis.

February 12, 2009 Posted by foxon168 | Internet news | , , | No Comments Yet

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February 4, 2009 Posted by foxon168 | Uncategorized | , , | No Comments Yet