Sunday, February 1, 2009

WTO ministers vow to refrain from protectionist measures - People's Daily Online

Trade ministers of major WTO members have pledged to resist new protectionist measures to protect trade flows which are threatened by the global economic crisis, a statement said on Saturday.

The ministers, who are present at the World Economic Forum annual meeting in Davos, have agreed "to refrain from raising new barriers to trade in goods and services," said the statement.

They also pledged to refrain from imposing new export restrictions, implementing WTO inconsistent measures to stimulate exports and wherever possible pursue efforts to create new trade and investment opportunities, it said.
WTO ministers vow to refrain from protectionist measures - People's Daily Online

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