- OECD chief warns of growing wave of protectionism
malay english mandarin arabic espanol fb tw ig


OECD chief warns of growing wave of protectionism

Last update: 13/03/2018
MEXICO CITY, March 13 (Bernama) -- Organisation for Economic Cooperation and Development (OECD) secretary-general Jose Angel Gurria said the growing wave of protectionism has put countries' "conventional knowledge" of their partners in doubt.

"We should make full use of the help available from other markets, of other investors, of other scientists, of other technologies to complement our own," he said when opening the 2018 OECD Mexico Forum, China's Xinhua news agency reported.

Gurria said it is widely believed that countries become more vulnerable when their trading partners hold different convictions.

''Mexico urgently needs to reform and modernise her laws and regulatory norms, especially given the advance of digital technology and greater international competition," said the former Mexican foreign minister.

The latest round of protectionism was triggered by US steep tariffs on imported steel and aluminium.....


       Previous Top Story