Home / Knowledge / News / Lamy talks about multilateral trading system in times of crisis
Lamy talks about multilateral trading system in times of crisis
16
Apr '10
Director-General Pascal Lamy, at the Round Table Centre for Public Studies in Santiago on 15 April 2010, extended the sympathy of the WTO family to the people of Chile “for the terrible earthquake that you have just lived through”. Noting the “remarkable” speed of the recent turnaround of the world economy as compared with that of the 1930s, he said that “the trade rules have stood to the protectionist pressures but we now need to ensure that this culture of cooperation brings the Doha Round to its completion”. This is what he said:

Multilateral Trading System and the Threat Of Protectionism in Times of Economic Crisis

It is a great pleasure for me to be at the Centro de Estudios Publicos and to have the opportunity to participate in this discussion about the crisis and its impact on the multilateral trading system.

But before beginning, allow me to extend my heart-felt sympathy to you and to the people of Chile for the terrible earthquake that you have just lived through. From the outside one can only begin to imagine the shock, hardship and suffering that such an event causes, and I know that I speak not just for myself, but for the WTO family as a whole, in expressing these sentiments.

Turning to our topic — how the multilateral trading system manages in times of economic crisis — I think that I have a positive, if still cautious, message to deliver. The world economy has taken a severe battering, as bad as anything in the last 70 years. All countries were affected, although some resisted better than others thanks in part to sound macroeconomic management.

Click here for more details.

World Trade Organization


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search