www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Stay alert against over-politicization of global free trade

(Xinhua) Updated: 2015-11-12 14:19

ANTALYA - For centuries, free trade, both as a theory and as a practice, has been widely accepted as a powerful tool for nations worldwide to grow their wealth.

However, an alarming propensity to over-politicize the policy, which has served as an indispensable engine of the world economy, is emerging and threatens to derail the global endeavor to achieve a strong and sustained recovery.

In the eyes of some countries, a free trade agreement is no more than a political tool to help implement its foreign policy agenda, and to win over a battle over who can clinch the power to write the rules of the global economy.

And it was such a mindset that has given rise to the Trans-Pacific Partnership (TPP), from which China, the Asia-Pacific country that is the world's top trader and second largest economy, is conspicuously absent. As the New York Times put it, certain governments tend to see the trans-Pacific trade pact as "a bulwark against China's power."

Right now, the trans-regional trade protocol still needs to struggle through the turbulent domestic legal procedures in many of these signatories before it can be effective in real terms. Yet even after the deal becomes operational, excluding China in this gigantic trade alliance which makes up 40 percent of global gross domestic product (GDP) will almost undershoot its targets.

Such a parochial trade arrangement can be even more infectiously poisonous as it could easily be repeated by other countries as a shortcut to gain self-interests regardless of the negative effects the rest of world may suffer.

It would further dampen the world's confidence in how free trade can help revitalize the global growth, especially at such a moment when economic recovery remains weak and uneven seven years after the outbreak of the global financial crisis.

In early October, the International Monetary Fund slashed its forecast for global growth in 2015 and 2016 both by 0.2 percentage point to 3.1 percent and 3.6 percent, respectively.

Given that, should the trend of excessive politicization of trade take root and grow, that would easily breed mounting protectionism and even risk triggering a destructive trade war, an outcome that would cost everyone dearly.

Thus it is imperative that those flirting with that attitude stop doing so before it is too late, and join other countries with good faith in promoting global free trade.

What also cannot be stressed more is that the rules of the global economy should be written based on the consensus among the members of the international community, while no country has the privilege to dictate it.

Over the coming weekend, leaders of the Group of 20 major economies, which account for 85 percent of the world's GDP, will gather at the Turkish seaside resort of Antalya for an annual summit. It is expected that trade will be one of their major topics.

It is high time that the participants, especially those absent-minded or noncommittal, recommitted themselves to and injected fresh vigor into global free trade, and put an end to the slide towards toxic over-politicization.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品国色综合久久 | 成年人在线观看视频免费 | 国产日产欧美a级毛片 | 日本黄色大片免费观看 | 毛片基地免费视频a | 美女一级毛片毛片在线播放 | 成人毛片高清视频观看 | 成人欧美视频在线看免费 | 免费观看三级毛片 | 久久香焦| 成人污网站 | 免费在线成人 | 欧美一级毛片免费观看 | 国产黄色小视频 | 亚洲综合91社区精品福利 | 免费人成在线观看网站品爱网 | 日本亲子乱子伦视频 | 久草福利资源 | 久久一级黄色片 | 精品毛片视频 | 欧美日本在线三级视频 | 欧美日韩亚洲视频 | 国产女王vk | 亚州在线播放 | 日本一区二区高清不卡 | 特黄女一级毛片 | 97在线碰碰观看免费高清 | 毛片免费看 | 国产日韩欧美一区二区三区在线 | 国产亚洲欧美精品久久久 | 久久久久在线视频 | 国产的一级毛片完整 | 手机国产日韩高清免费看片 | 欧美一级片播放 | 日鲁夜鲁鲁狠狠综合视频 | 日本黄网站高清色大全 | 一级性毛片| 欧美一区二区在线 | 99国产精品农村一级毛片 | 手机看片77v1| 久久精品视频1 |