Headwind for Trade Liberalization, How to Cope With Re-emerging Trade Protectionism?

Headwind for Trade Liberalization, How to Cope With Re-emerging Trade
Protectionism?

HONG KONG, July 11 /PRNewswire-Asia/ -- In response to the financial crisis,
which is accompanied by the epidemic of H1N1 and the introduction of economic
stimulus plans by countries, the trade protectionism is re-emerging.
Governments are using covert measures to raise trade barriers under the name
of technology, security, environmental protection and etc., in hopes of
protecting their own economies directly.

The World Trade Organization (WTO) said on July 1st that in the past few
months there had been further slippage towards trade protectionism, and as a
result, the global trade volume will likely fall 10% this year. According to
WTO, in the past three months, a total of 83 measures restricting trade have
been set out by 24 countries, not accounting for measures restricting pork
imports taken by 39 countries after the outbreak of the H1N1 flu.

At the Global Think Tank Summit held in Beijing on July 4th, trade
protectionism was a hot topic. Participants included think tanks, high-level
politicians, Nobel Laureates, CEOs from the global Top 500 enterprises. They
proposed initiatives against trade protections, and contributed their ideas on
trade liberalization facilitation. "Markets in various countries should
integrate regionally and on a global scale; shared policies between countries
should also be built so as to avoid trade protectionism," said Romano Prodi,
former President of the European Commission and former Prime Minister of
Italy.

On the summit, leaders of Chambers of Commerce from China, Japan, Korea, EU
and other countries and regions collectively launched a "Beijing Initiative,"
calling for policy-makers from the world's biggest economies to enhance global
cooperation, maintain an open economic system in combating the financial
crisis, act against trade and investment protectionism for achieving common
development, and restore confidence in fueling economic growth.

Fairtheworld.com points out that, trade protectionism goes against the laws of
market economy. It might bring in benefits in the short-term for countries and
regions resorting to them, yet it will do harm to that economy and the rest of
the world in the long-run.

Fairtheworld.com believes that it is not enough to contain trade protectionism
through mere consultation and negotiation by governments and international
organizations. It is quite possible that countries enforce these protections
secretly while shouting their objections.

Technology is a powerful tool in combating trade protectionism. The "Fair N
Fair" 3D Virtual Expo platform, developed by Fairtheworld.com, is guided by
"globalization" and "Trade liberalization." With the "e-commerce matrix " and
"3-dimensional e-commerce" concepts as its framework, it is integrating global
high-end enterprises into a virtual, liberalized trade arena, which transcends
trade barriers in the real world and generates real transactions as the
efficiency multiplier for global enterprises in their trade activities.
Companies entering "Fair N Fair" becomes the smallest and most flexible
molecule, capitalizing on the huge global industrial network and leading trade
tools offered by "Fair N Fair," to explore the global market.

For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com

SOURCE Fairtheworld

Dodona Song of Fairtheworld, Cell: +86-159-1626-1151, news@fairtheworld.com