The heads of three world economic bodies warned of the risk to trade from the protectionist headwinds sweeping many developed nations as global leaders met in Hangzhou, China. Her views were echoed by Roberto Azevedo, Director-General of the World Trade Organization. "Trade is way too low and has been way too low for a long time," Lagarde said. France’s trade minister Matthias Fekl said late last month that the U.S. hasn’t offered anything substantial in negotiations with the European Union on the free-trade deal and that talks should come to an end. "Going against trade is effectively going against growth, is going against your economy and making things even worse.

Source: Thanhnien News September 04, 2016 09:33 UTC