Protectionism pressure to stay with joblessness-WTO

NEW YORK, June 24 (BestGrowthStock) – As long as unemployment is
high, pressure will remain to keep protectionist trade measures
in place, the director general of the World Trade Organisation
said on Thursday.

When asked why there has been no big trade war, Pascal
Lamy, who was speaking at the Council on Foreign Relations,
said it had to do with existing structures, such as “strong
international disciplines.”

“For the moment, though, we are not out of the woods. As
long as unemployment remains high, protectionist pressures
remain,” Lamy said.

Stock Today

(Writing by Padraic Cassidy; Reporting by Daniel Bases)

Protectionism pressure to stay with joblessness-WTO