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- Dubai 05:31 06:50 12:15 15:12 17:34 18:53
Director-General Pascal Lamy said Monday that protectionist instincts are completely understandable in the current economic climate but such regulations would be equivalent to ‘shooting their own foot.’ He said Asian governments were coping well with the crisis, but Brazil was the standout.
He also praised President Barack Obama for his $787 billion economic stimulus package that honours international trade commitments, backing off on a restrictive ‘Buy American’ policy that was written into the initial package.
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