Monday, March 30, 2009

'Name and shame' protectionist states


'Name and shame' protectionist states
30-03-2009

South Korean President Lee Myung-Bak has said he will call on G20 leaders meeting in London this week "roll back" recently-adopted protectionist measures, or risk being named and shamed.

"There are many countries clearly engaging in some sort of protectionist measures", many having been introduced since the last G20 summit in Washington in November, he told the Financial Times.

He said he would call for all such measures to be reversed.

He added: "As a concrete and actionable follow-up, I will propose that the World Trade Organisation reports on a quarterly or regular basis to all the member states on the practices of certain countries and, if they engage in protectionist measures, to release the names."