Export restrictions distort trade – WTO’s Lamy

BERLIN, Oct 26 (BestGrowthStock) – Restrictions on exports create
unavoidable distortions and global institutions should work
together for a coherent approach to raw materials, WTO
Director-General Pascal Lamy said on Tuesday.

Lamy was speaking at a raw materials conference after the
G20 agreed on Saturday to shun competitive currency devaluations
but stopped short of setting targets to reduce trade imbalances
that are clouding global growth prospects.
(Reporting by Juliane von Reppert-Bismarck)

Export restrictions distort trade – WTO’s Lamy