17
Nov
The tendency to impose trade-restricting measures remains strong among the EU's commercial partners, fuelling continuing uncertainty in the world economy. These are the main findings of the European Commission's annual report on protectionism published today 17 November.
"I regret to see that many countries still consider protectionism a valid policy tool. This goes clearly against the G20's commitment to abstain from imposing trade restrictions and to remove existing ones. Protectionism damages global value chains; trade openness is what we need...