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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search