Friday, 29 December 2017
Peculiar Year As Free Trade Advocators Turn Protectionists
KUALA LUMPUR, (Bernama) -- It has been a rather peculiar year in 2017 for the global economy and predominantly the international pacts, where once advocators for free and open trade have turned protectionists, fanning anti-globalisation sentiment and an inward-looking mindset.
Amid this backdrop that has been sweeping through the advanced economies of Europe and United States, developing nations such as China, India and ASEAN nations have instead been forward looking towards embracing multilateralism and committing to free trade and globalisation.
Prime Minister Datuk Seri Najib Tun Razak had during the recent Asia-Pacific Economic Cooperation (APEC) Summit in Vietnam, voiced concern over the rise of anti-globalisation within the grouping which ran contrary to its original aspiration.
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