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Open trade, investment urged

By Fu Jing (China Daily)
Updated: 2009-09-15 07:50

The OECD, WTO and the UN's Conference of Trade and Development have urged G20 countries to make a stronger commitment to open trade and investment as the global economy begins its recovery.

In a combined report on G20 Trade and Investment Measures yesterday, Angel Gurra, secretary-general of the OECD; Pascal Lamy, director-general of the WTO; and Supachai Panitchpakdi, secretary-general of UNCTAD, said G20 leaders must remain vigilant against protectionism.

Related readings:  China firmly opposes trade protectionism  China calls for proper handling of trade frictions with EU  China-Uruguay trade shows dynamictrend amid global crisis

"The global crisis cannot be deemed to be over yet, despite welcome recent indications of economic recovery in some parts of the world. Growing unemployment due to the crisis will continue to fuel protectionist pressures for the years to come," they said.

"It is the responsibility of all world leaders, in particular those of the G20 members, to take the appropriate policy actions so that trade and international investment can help economies recover from the global crisis on a sustained basis. In this regard, G20 leaders should undertake a stronger commitment to open markets and make concrete their call to conclude the Doha Round in 2010."