G7 warns against protectionism
The G7 said it will do all it can to avoid a rise in protectionism as a result of the worldwide financial crisis.
Saturday, 14.02.2009.
15:24
The G7 said it will do all it can to avoid a rise in protectionism as a result of the worldwide financial crisis. A joint statement was being prepared for release after today’s talks in Rome, the final day of the two-day meeting. G7 warns against protectionism It sought to allay fears that governments will abandon committments to fair cross-border trade in a bid to protect jobs and national industries. British Finance Minister Alistair Darling said otherwise the world risked seeing a repeat of the damaging protectionist spiral seen during the 1930s. America’s “Buy American” clause in the just-passed stimulus plan and national car aid plans in France and Italy have all rung alarm bells.
G7 warns against protectionism
It sought to allay fears that governments will abandon committments to fair cross-border trade in a bid to protect jobs and national industries.British Finance Minister Alistair Darling said otherwise the world risked seeing a repeat of the damaging protectionist spiral seen during the 1930s.
America’s “Buy American” clause in the just-passed stimulus plan and national car aid plans in France and Italy have all rung alarm bells.
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