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Russia, Brazil, China, and India, take the lead in protectionist measures
Posted On 27 Jun 2017
Ecuadornews:
Russia, followed by Brazil, China, and India were the countries where the European Union (EU) detected more obstacles to free trade in 2016, a year in which it denounced an increase in protectionist measures by 10%.
In its annual report on trade barriers, the European Commission (EC) has counted up to 372 restrictive measures in 51 countries, of which 36 were created last year and affected European exports worth 27,000 million euros (1,6 % of total exports).
“It is worrisome that G20 countries maintain the greatest number of trade barriers,” said European Trade Commissioner Cecilia Malmström, who presented the report at a press conference yesterday. According to her, the European Union will “urge” these countries to “resist protectionism” at the G20 summit to be held in Hamburg, Germany. (I)
