germanys schaeuble assails protectionism at imf summit
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Germany's Schaeuble assails protectionism at IMF summit

Arab Today, arab today

Arab Today, arab today Germany's Schaeuble assails protectionism at IMF summit

IMF Managing Director Christine Lagarde speaks with German Finance Minister Wolfgang Schaeuble
Washington - Arab Today

German Finance Minister Wolfgang Schaeuble assailed the rise in protectionism and anti-free-trade sentiment Saturday in a statement that appeared aimed at the administration of US President Donald Trump.

"We should all be concerned about slow global trade growth and increased anti-free-trade rhetoric. Both are a threat to our common economic prosperity," he said in a statement to the steering body of the International Monetary Fund.

"Trade has given millions of people the opportunity to move out of poverty, and it has provided stability and brought prosperity across the globe," said Schaeuble, who has announced that he will resign after years as one of the world's most influential economic chiefs.

"Protectionist measures will only harm growth and harm those they claim to protect," Schaeuble added.

"We need more openness, not less."

Schaeuble made the statement during the IMF's annual meetings, which come after Trump, pressing an "America First" agenda in his inaugural year in office, killed the Trans-Pacific Partnership with Asia-Pacific nations and forced a renegotiation of the North American Free Trade Agreement.

Trump argued that the US was disadvantaged by those agreements and has also criticized the World Trade Organization, which enforces fair-trade rules.

But Schaeuble's comments also took aim at the sentiment that drove British voters to support the country's withdrawal from the European Union.

Schaeuble said Friday that the finance ministers and central bankers of the G20 group of leading economies avoided the trade issue in their meetings in Washington this week.

At the March 2017 gathering of G20 leaders in Baden-Baden, Germany, US representatives succeeded in removing a traditional warning against protectionism from the group's concluding statement.

Without talk about trade, Schaeuble said Friday, "at this time, global discussions are much more relaxed."

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

germanys schaeuble assails protectionism at imf summit germanys schaeuble assails protectionism at imf summit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

germanys schaeuble assails protectionism at imf summit germanys schaeuble assails protectionism at imf summit

 



GMT 14:30 2017 Sunday ,22 October

Abe coalition wins resounding victory in Japan vote

GMT 09:44 2017 Tuesday ,17 October

Morocco arrests 11 suspects linked to ISIS

GMT 13:09 2015 Tuesday ,09 June

Slaven Bilic returns to West Ham as manager

GMT 16:04 2017 Saturday ,30 September

Got a yacht? Proposed French tax break makes waves

GMT 13:06 2016 Saturday ,31 December

Syrian passport trade becomes unlikely cash cow

GMT 04:47 2017 Wednesday ,30 August

Mark Zuckerberg welcomes second daughter in Facebook

GMT 00:59 2014 Saturday ,07 June

January 19 - February 17

GMT 10:53 2017 Wednesday ,05 July

AU Summit gives priority to youth empowerment

GMT 17:26 2017 Wednesday ,15 February

Russian jets in ‘unsafe’ encounters with destroyer

GMT 17:53 2017 Wednesday ,25 October

Erdogan: Turkey ready to give Iraq full support

GMT 14:05 2017 Thursday ,23 November

Actor Ahmed Ezz appreciates Hind Sabry

GMT 16:04 2017 Wednesday ,14 June

Sadara expands its suite of specialty chemicals

GMT 01:01 2017 Monday ,06 February

Garcia wraps up dominant win at Dubai Desert Classic

GMT 17:39 2018 Sunday ,09 September

President of Abkhazia, concludes visit to Syria
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday