Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Lula warns protectionism may worsen global fiancial crisis
+ -
16:11, February 12, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 Brazil to build 1 million houses to boost construction, create jobs
 Indigenous Indians accused of cannibalism in Brazil
 Brazilian president announces measures to aid local governments
 Central Bank: Brazil's credit back to pre-crisis levels
 China says no to trade protectionism to fight crisis
 Comment  Tell A Friend
 Print Format  Save Article
Brazilian President Luiz Inacio Lula da Silva has criticized the recent protectionist moves by some countries, saying it may worsen the international financial crisis.

In a meeting with Namibia's President Hifikepunye Pohamba in Brasilia on Wednesday, Lula said continuing trade is part of the solution to the crisis.

He stressed the importance of reaching an agreement in Doha Round world trade talks in order to shore up the world economy.

"Trade is certainly part of the solution; protectionism, on the other hand, will only serve to worsen the financial crisis. An agreement in the WTO's Doha Round will send a powerful message to markets and give a new impulse to the global economy," he said.

Lula added that a reorganization of world trade has to be followed by a reform of international relations. According to him, the world needs to find a new and more democratic governance system.

"The final say cannot be concentrated in the hands of the few, ignoring the aspirations of developing countries and of the largest emerging economies," he said.

Agreeing with Lula on trade issues, President Pohamba called on developed countries to remove agricultural subsidies, which he said created an unfair international trade platform.

Source: Xinhua



  Your Message:   Most Commented:
2009 Spring Festival
Why does Israel push for truce in Gaza?
U.S. Airways jet's engines lost power simultaneously
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.
U.S. soldier killed by bomb explosion in Iraq

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6591618.pdf