athavaneng.com
athavaneng.com
chrome

Voices to fight trade protectionism dominate global business forum

In
Updated: 07:51 GMT, Sep 28, 2018 | Published: 07:50 GMT, Sep 28, 2018 |
0 Comments
1142
Theresa May

Leaders and senior officials from the globe have voiced their opposition to U.S.-led unilateralism and trade protectionism during the 73rd session of the United Nations General Assembly (UNGA).

They made their points after U.S. President Donald Trump on Tuesday rejected globalism in his speech at the UNGA, touting his America First foreign policy and trade stance.

British Prime Minister Theresa May at the Bloomberg Global Business Forum, which was held the same week as the UNGA and for world leaders and top corporate executives to discuss economic and social issues, said people are worried about the rising trend of trade protectionism, and she, in this aspect, is optimistic about the future.

“They look at some of tensions in global trade today and ask whether the rules based system can be really adapted to reflect the realities of the modern world. My answer to all of these questions is a bold and optimistic yes,” May told the forum.

In an interview with the China Global Television Network (CGTN), South African Trade and Industry Minister Rob Davies said his country is a victim when involved in global trade tensions as the rules-based trading system that they have been living in is to be undermined.

“As a small developing country, we can’t be indifferent to the threat of the multilateral trading system. If it happens and it continues on the course that we’re on now, then we will be just subject to the might of power relations, and we won’t have a rules-based system that we can rely on,” the official said.

And former New York City Mayor Michael Bloomberg, who is also the host of the forum, told the CGTN that the United States itself will be backfired as embracing a free trade world serves the U.S. interests.

“In terms of the economy, this is just going to hurt America. We’re a country that thrives on free trade. And for America, closing us off for the rest of the world is not in our best interest at all,” he said.

Your Comment

அன்புள்ள வாசகர்களே, நீங்கள் தெரிவிக்கும் கருத்துகளுக்கு நிர்வாகம் எவ்விதத்திலும் பொறுப்பாகாது. கருத்துக்கள் தகுந்த தணிக்கைக்குப் பிறகே பதிவேற்றம் செய்யப்படுகின்றன. எனவே நாகரீகமான கருத்துக்களை மட்டுமே பதிவு செய்யுமாறு வாசகர்கள் கேட்டுக்கொள்ளபடுகின்றனர். முக்கியமான புலங்கள் குறிக்கப்பட்டுள்ளன *

*

  

  

Type Comments in Tamil language (Press Ctrl+g to toggle between English and Tamil)