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China Daily Website

VIDEO

Globalization will continue

Updated: 2009-07-04 17:48
(chinadaily.com.cn)

As what can be called "border terror" threatens fair trade worldwide amid the climate of the global financial crisis, protectionism under a fresh name is never a solution to problems, experts concluded on Friday at the Global Think Tank Summit in Beijing.

Professor Graham Meadows, the former Director-General of DG Regio at the European Commission stressed in an interview with China Daily that protectionism won't last and globalization will continue.

"To drift back to some kind of increasing protectionism is something which will cause everyone to lose," Meadows said.

Prof. Meadows also commented on rising negotiation failures in trade between China and other advanced economies, urging all governments to continue to trade openly and maintain open economies, saying “the interruption of globalization which benefited China and other countries in the past 10 years or so will be short-lived."

On Friday, the Chinese Ministry of Commerce condemned proposals to pose a "carbon tariff" on imports by some developed countries, saying the move is a new kind of "trade protectionism" that “will not help any country's endeavors in climate change negotiations".

Chinese analysts say climate talks and international trade shouldn’t be mixed up and making emissions cutting targets an excuse in trade disputes is apparently improper.

China called on all countries not to take protectionist measures against WTO rules and push forward the Doha round negotiation as it wrapped up the nation's first-ever global think tank summit Saturday.

Story: Du Wenjuan | Video: Christie Lee

 
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