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 / Hangzhou G20

G20 should reject trade protectionism

(Xinhua) Updated: 2016-09-03 14:58

BEIJING - Eight years after the 2008 international financial crisis, global economic recovery remains unimpressive. Worst of all, there's been a resurgence in anti-trade sentiment.

As leaders of the Group of 20 (G20) economies, the premier platform for international economic cooperation, gather in the Chinese city of Hangzhou, it is time for them to declare a resounding "No" to growth-throttling trade protectionism.

Around the world, anti-trade sentiments are swelling up. In the heated presidential race in the United States, Republican nominee Donald Trump and his Democratic rival, Hillary Clinton, are at each other's throats. But they remain united on one front - questioning and attacking free trade.

Though some believe both White House contenders are deriding free trade merely as an election tactic and would strike a different tone once the race is over, no one should take their beliefs for granted.

In Britain, a June referendum has thrown that country on its way out of the European Union and its free trade with the rest of the bloc in uncertainty.

The World Trade Organization (WTO) has also painted a gloomy picture of the global economy. It said recently that since 2008 G20 members have introduced a total of 1,583 new trade restricting measures.

Among them, many involve anti-dumping and other similar cases in the trade of steel and other metals, including the EU's move to impose anti-dumping tariffs on Chinese steel products last month.

The WTO has also warned that discriminatory measures are being introduced at an accelerating rate.

Unsurprisingly, global trade growth is slowing down. The WTO puts this year's trade growth rate at 2.8 percent, the same as that of last year.

Experts believe that it would take years for global trade to return to the days of 7-percent annual growth.

At the same time, the total value of world merchandise trade is evaporating. It fell from 19 trillion U.S. dollars in 2014 to 16.5 trillion dollars last year, a 13-percent decline.

That trend must be reversed. Trade is an important and indispensable powerhouse of global growth; it should by no means be allowed to stall.

Just like how they joined hands after the outbreak of the 2008 crisis to pull the global economy out of the abyss, G20 members need to follow an all-in-the-same-boat spirit and form a united front against various forms of protectionism.

At the upcoming G20 Hangzhou summit, which is to open Sunday, Beijing will push for a strategy to spur global trade and investment. It is estimated that, if put in place, it will increase world trade by 1 trillion dollars each year and create 21 million new job opportunities worldwide, of which 8 million will be in developing countries.

Others should join the host's efforts to prevent protectionism from eroding the foundation for a faster and healthier world economic recovery.

With the specter of protectionism rearing its ugly head, it is no longer an option for G20 members and other traders to sit on their hands and do nothing.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 在线精品国产一区二区 | 中文字幕在亚洲第一在线 | 午夜mm131美女做爰视频 | 91精品一区二区三区在线播放 | 日韩三级免费 | 中文字幕精品视频在线 | 一级一级毛片免费播放 | 亚洲毛片免费在线观看 | 一级一级一片免费高清 | 不卡精品国产_亚洲人成在线 | 欧美做a欧美 | 91香蕉国产线观看免 | 一本本久综合久久爱 | 日本不卡在线一区二区三区视频 | 免费毛片网站 | 成人午夜 | 在线观看二区三区午夜 | 自拍自录videosfree自拍自录 | 久久伊人热 | 免费乱人伦 | 国内视频自拍 | 亚洲精品高清国产麻豆专区 | 国产美女在线精品观看 | 成人香蕉xxxxxxx | 综合中文字幕 | 一区二区三区不卡视频 | 欧美成人免费一级人片 | 嫩模大尺度人体福利视频 | 天天看有黄有色大片 | 热伊人99re久久精品最新地 | 欧美一级成人毛片视频 | 久久99国产亚洲精品 | 三级网站视频在线观看 | 特级av毛片免费观看 | 久久久视 | 久久青草免费免费91线频观看 | 久久亚洲高清观看 | 朝鲜一级毛片 | 成人毛片视频免费网站观看 | 欧美一区二区三区免费高 | 91影视永久福利免费观看 |