3.27.2009

WTO: protectionism on rise, endangering recovery

Protecting yourself = bad. Bad bad bad. Bad Sovereignty. According to the WTO. - Ed.

The world is slipping dangerously into protectionism, threatening to strangle global economic recovery, the World Trade Organization said.

In an alarm bell to WTO's 153 members, Director-General Pascal Lamy said free trade has suffered "significant slippage" this year as countries have erected new barriers to imports in the form of tariffs, subsidies and other measures designed to protect domestic industries.

Read more @ International Herald Tribune


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