Leaders of the Group of 20 major economies warned on Saturday of growing risks to the global economy but stopped short of denouncing protectionism
, calling instead for a free, fair trade environment after talks some members described as difficult.
Summary: Thailand's premier made an impassioned plea against protectionism
on Sunday at a meeting of Southeast Asian leaders where the fallout from t...
It is hoped that the countries in the region will clearly oppose unilateralism, egoism and protectionism
, firmly promote regional economic integration, and promote the development of the global economy towards a more open, inclusive and mutually beneficial balance and win-win situation.
ASEAN+3 rejects protectionism
, commits to intra-regional trade !-- -- Czeriza Valencia (The Philippine Star) - May 4, 2019 - 12:00am MANILA, Philippines Member states of the Association of Southeast Asian Nations (ASEAN) and three of the biggest economies in Asia yesterday vowed to reject protectionism
and committed to accelerate intra-regional trade and investments.
The three East Asian economic giants together with Asean member-states on Thursday reiterated that they would fight protectionism
while strengthening intraregional trade through targeted initiatives amid slowing global growth.
China, April 27 (Petra)-- Chinese President Xi Jinping called on dozens of world leaders to reject protectionism
and invited more countries to participate in his global infrastructure project.
M2 EQUITYBITES-April 16, 2019--Bank of Japan decries trade protectionism
BANKING AND CREDIT NEWS-April 16, 2019--Bank of Japan decries trade protectionism
of some countries has harmed mutual trust among countries, limited the scope for multilateral cooperation, and impeded the willingness to achieve it," Chen Yulu, a vice governor at the People's Bank of China (PBOC), said in a statement to the International Monetary and Financial Committee, or IMFC."Unilateralism and protectionism
can only exacerbate domestic imbalances and impair necessary structural adjustments, which can negatively affect the countries concerned as well as global growth," he said.
impedes competition and so the consumer suffers in terms of choice, differentiated product, price and quality etc.
can also provoke retaliation, which adds further costs in other markets.
By exploring the history of protectionism
since the nation's founding, the rise of the modern-day liberal order, and its potential demise under Trump, this former congressman, trade negotiator, and lawyer lays out a story designed to reach a wide audience.