Experts recommend encouraging bilateral trade liberalization in developing countries

Trade protectionism will lead to a global depression, and domestic and foreign experts reached a consensus on the 4th Global think-tank Summit, "Promoting trade liberalization and investment facilitation".　　The experts suggested that bilateral regional trade liberalization among developing countries should be encouraged to benefit from the multilateral mechanisms of the world, thereby avoiding the greater impact of the economic crisis. The former President of the European Commission, Prodi, said that in times of economic crisis, if trade protectionism is increasing, there will be less international cooperation and the impact of the crisis will be more and more big. "In the long run, countries should be encouraged to take measures to avoid protectionism," he said.　　"Fan, director of the National Institute for Economic Reform in China, also believes that the financial crisis has led to a rise in trade protectionism and will see more anti-dumping investigations in the coming years." Yi, Vice minister of Commerce, noted that as the financial crisis erupted, trade protectionism was rising and China became the main victim of trade protectionism.　　According to statistics, in the first quarter of this year, the world's new anti-dumping, countervailing, special insurance investigation cases rose 18.8%, of which more than 2/3 involved in Chinese products. Yi that countries should resolutely prevent the introduction of measures to violate WTO rules, in such a very period, even the WTO allowed protection measures, should also be cautious.　　In addition, countries should implement the commitments made at the G20 two summits.　　Fan pointed out that in the face of protectionism in global trade, developing countries should be encouraged to further promote trade liberalization and encourage bilateral regional trade liberalization arrangements. He said that bilateral cooperation among emerging economies was a good trend that would help the world's trading system to move towards liberalisation, and that a higher level of trade would allow it to reach more agreements with developed countries and benefit from the multilateral mechanisms of the world. "The BRICS need further cooperation, including further multilateral trade, to avoid the greater impact of the economic crisis," he said. "(Ding)