Wednesday, 28 January 2009

'Beware protectionism' says WTO head

Link to article

Last Modified: 27 Jan 2009
By: Faisal Islam

The head of the World Trade Organisation exclusively warns this programme that anti-globalisation forces stalk the recession.

Go it alone policies won't solve the world's economic crisis, they'll just make it worse.

That is the warning from Pascal Lamy, the man in charge of defending the world's free trade system.

Speaking exclusively to Channel 4 News, he raised concerns about the string of car and bank bailouts around the world, as they could mark the beginning of a return to protectionism.

And he's waiting to see whether President Obama will be as committed to free trade as previous American administrations.



Exclusive interview: Pascal Lamy