Lamy cautions over protectionism

Director-General Pascal Lamy, in a speech to the Thai Chamber of Commerce in Bangkok on 30 May 2012, said: “Protectionism is like cholesterol: the slow accumulation of trade restrictive measures since 2008 — now covering almost 3% of world merchandise trade, and almost 4% of G20 trade — can lead to the clogging of trade flows.”

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Posted by on 30/05/2012. Filed under ECONOMY. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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