Related News
Letter protests against rising trade curbs
Source: Xinhua |
March 23, 2009, Monday
|
Print Edition
Print Edition
ONE of China's national trade associations on Saturday issued an open letter to protest rising international trade protectionism.
The letter, entitled "Resist protectionism and implement responsible global business practices," was issued by the China Mergers and Acquisitions Association, a non-governmental body run by the All-China Federation of Industry and Commerce.
"The financial crisis is spreading across various industries in different countries," the letter said. "Protectionism only makes the situation worse."
It called on chambers of commerce and multinational corporations in all countries to help rebuild confidence in globalization and to work toward a common goal of economic development.
"Globalization provides an easier environment for cross-border investment and reduces regulatory barriers to trade," it said.
Fei Guoping, the association's deputy director, said that since the financial crisis broke out worldwide, a sharp drop in demand has been seen globally.
The World Bank last Tuesday said 17 of the G20 nations had imposed trade curbs since November.
The letter, entitled "Resist protectionism and implement responsible global business practices," was issued by the China Mergers and Acquisitions Association, a non-governmental body run by the All-China Federation of Industry and Commerce.
"The financial crisis is spreading across various industries in different countries," the letter said. "Protectionism only makes the situation worse."
It called on chambers of commerce and multinational corporations in all countries to help rebuild confidence in globalization and to work toward a common goal of economic development.
"Globalization provides an easier environment for cross-border investment and reduces regulatory barriers to trade," it said.
Fei Guoping, the association's deputy director, said that since the financial crisis broke out worldwide, a sharp drop in demand has been seen globally.
The World Bank last Tuesday said 17 of the G20 nations had imposed trade curbs since November.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
