Holy See diplomat criticizes protectionism
CWN - December 20, 2011
Addressing a conference of the World Trade Organization, a leading Holy See diplomat called upon the wealthy nations to shun protectionism and open up their markets to goods from poorer nations.
“Evidence from the recent financial crisis has shown us that trade has been an effective tool in helping a rapid recovery,” said Archbishop Silvano Tomasi. “Now the primary challenge WTO faces is to sustain this approach and discourage countries to give in to the temptation of protectionism that promises to deliver some illusory short-run benefits while preventing more conspicuous long-term gains.”
“An additional burden could be imposed on the shoulders of the young and of the poor if they are deprived of such an effective tool for improving the economy as an open trade,” he added.
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