三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Economy

Stay alert against over-politicization of global free trade

(Xinhua) Updated: 2015-11-12 14:19

ANTALYA - For centuries, free trade, both as a theory and as a practice, has been widely accepted as a powerful tool for nations worldwide to grow their wealth.

However, an alarming propensity to over-politicize the policy, which has served as an indispensable engine of the world economy, is emerging and threatens to derail the global endeavor to achieve a strong and sustained recovery.

In the eyes of some countries, a free trade agreement is no more than a political tool to help implement its foreign policy agenda, and to win over a battle over who can clinch the power to write the rules of the global economy.

And it was such a mindset that has given rise to the Trans-Pacific Partnership (TPP), from which China, the Asia-Pacific country that is the world's top trader and second largest economy, is conspicuously absent. As the New York Times put it, certain governments tend to see the trans-Pacific trade pact as "a bulwark against China's power."

Right now, the trans-regional trade protocol still needs to struggle through the turbulent domestic legal procedures in many of these signatories before it can be effective in real terms. Yet even after the deal becomes operational, excluding China in this gigantic trade alliance which makes up 40 percent of global gross domestic product (GDP) will almost undershoot its targets.

Such a parochial trade arrangement can be even more infectiously poisonous as it could easily be repeated by other countries as a shortcut to gain self-interests regardless of the negative effects the rest of world may suffer.

It would further dampen the world's confidence in how free trade can help revitalize the global growth, especially at such a moment when economic recovery remains weak and uneven seven years after the outbreak of the global financial crisis.

In early October, the International Monetary Fund slashed its forecast for global growth in 2015 and 2016 both by 0.2 percentage point to 3.1 percent and 3.6 percent, respectively.

Given that, should the trend of excessive politicization of trade take root and grow, that would easily breed mounting protectionism and even risk triggering a destructive trade war, an outcome that would cost everyone dearly.

Thus it is imperative that those flirting with that attitude stop doing so before it is too late, and join other countries with good faith in promoting global free trade.

What also cannot be stressed more is that the rules of the global economy should be written based on the consensus among the members of the international community, while no country has the privilege to dictate it.

Over the coming weekend, leaders of the Group of 20 major economies, which account for 85 percent of the world's GDP, will gather at the Turkish seaside resort of Antalya for an annual summit. It is expected that trade will be one of their major topics.

It is high time that the participants, especially those absent-minded or noncommittal, recommitted themselves to and injected fresh vigor into global free trade, and put an end to the slide towards toxic over-politicization.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费高清精品国偷自产在线 | 日韩在线视频不卡 | 一级日本强免费 | 色综合网亚洲精品久久 | 国产精品久久久久影视不卡 | 人九九精品 | 亚洲国产二区三区久久 | 国产精品爱久久久久久久9999 | 亚洲成人播放 | 国产精品美女网站在线观看 | 亚洲婷婷综合网 | 欧美日韩精品一区二区三区 | 亚洲在线第一页 | 亚洲欧美久久一区二区 | 在线观看精品国产 | 九九精品在线视频 | 亚洲欧美色中文字幕 | 日韩在线视频免费不卡一区 | 美女一级a毛片免费观看 | 东京一热本色道久久爱 | 国产成人精品视频在放 | 日日摸夜夜摸人人嗷嗷叫 | 最新lutube亚洲看片在线观看 | 国产产一区二区三区久久毛片国语 | 亚洲国产成人精品不卡青青草原 | 亚洲免费视频网站 | 国产一级α片 | 网友自拍区一区二区三区 | 一级免费黄色 | 青青热久麻豆精品视频在线观看 | 人喾交性专区免费看 | 中文字幕日韩精品一区口 | 国语对白清晰好大好白 | 色你懂的| 深夜做爰性大片很黄很色视频 | 午夜毛片视频高清不卡免费 | 瑟妃19禁福利视频在线看mp4 | 免费黄色在线看 | 亚洲一区二区三区高清视频 | 亚洲激情在线看 | 国产午夜精品片一区二区三区 |