ENVIRONMENT AND THE WORLD ECONOMY: Mexico asks U.S. to resist temptation of protectionism ENVIRONMENT AND THE WORLD ECONOMY: Mexico asks U.S. to resist temptation of protectionism

Sunday, March 29, 2009

Mexico asks U.S. to resist temptation of protectionism

Mexican President Felipe Calderon urged the United States to avoid raising new barriers to international trade, arguing that a resurgence of global protectionism will only make the world economic crisis worse.

Pressure is growing on politicians around the world to protect local industries as an economic downturn hits workers.

"Putting up trade barriers, which is a big temptation in all economies ... would worsen the crisis," Calderon told Mexican television in an interview late on Saturday.

"If the United States falls into that temptation to raise new barriers to international trade, including barriers for Mexico, it will ... make it harder to emerge from the crisis," he said.

Mexico and the United States are major trading partners but are currently locked in a trade dispute that erupted this month after the United States canceled a program allowing Mexican truckers onto U.S. highways.

Mexico retaliated with new tariffs on everything from American strawberries to Christmas trees, arguing that Mexican truckers are allowed on U.S. highways under the North American Free Trade Agreement, or NAFTA.

Calderon, who is due to meet with U.S. President Barack Obama when the American leader visits Mexico in April, called the U.S. ban on Mexican truckers "absurd."

He suggested Washington was acting on behalf of the U.S. teamsters union.

Global trade relations will also be a topic of discussion at the G20 meetings in London next week, where leaders from major economies will hold talks to plot a pathway out of the world's worst economic crisis since the 1930s.

Calderon said he would push at the G20 talks for more resources for global financial institutions, like the International Monetary Fund. (Source:Reuters)

Labels:

United States, Canada, Mexico, Bermuda, Sweden, Italy, Switzerland, Puerto Rico, India, Virgin Islands, U.S., Germany, Bolivia, Netherlands, France, Israel, Spain, Panama, Chile, Bahamas, Argentina, Dominica, Belgium, Ireland, Belize, Brazil, South Africa, Seychelles, Tanzania, United Republic of, Egypt, Rwanda, Algeria, Swaziland, Ghana, Cameroon, Madagascar, Kenya, Angola, Namibia, Morocco, Sierra Leone, Cote D'Ivoire, Gabon, Mauritius, Togo, Senegal, Sudan, Uganda, Zimbabwe, Mozambique, Zambia, Botswana, Liberia, Congo, The Democratic Republic of the, Benin, Tunisia, Japan, Australia, Thailand, China, Malaysia, Pakistan, New Zealand, Korea, Republic of, Hong Kong, Singapore, Bangladesh, Indonesia, Philippines, Taiwan, Afghanistan, Vietnam, Vanuatu, New Caledonia, Brunei Darussalam, Greece, Saudi Arabia, Poland, Czech Republic, Russian Federation, Cyprus, Norway, Austria, Ukraine, Tajikistan, Denmark, Portugal, Turkey, Georgia, Belarus, Iraq, Armenia, Lebanon, Moldova, Republic of, Bulgaria, Finland, Oman, Latvia, Kazakstan, Estonia, Slovakia, Jordan, Hungary, Kuwait, Albania, Lithuania, San Marino, Bhutan, Romania, Serbia, Croatia, Luxembourg, Iceland, Liechtenstein, Costa Rica, Macedonia, Malta, Gambia, Malawi, Slovenia, Falkland Islands (Malvinas), Azerbaijan, Monaco, Haiti, Guam, Jamaica, Micronesia, Federated States of, Ecuador, Colombia, Peru, Cayman Islands, Guadeloupe, Honduras, Yemen, Virgin Islands, British, Saint Lucia, Syrian Arab Republic, Nicaragua, Dominican Republic, Netherlands Antilles, Guatemala, Venezuela, Bosnia and Herzegovina, Uruguay, El Salvador, United Arab Emirates, Trinidad and Tobago, Sri Lanka, Marshall Islands, Bahrain, Cook Islands, Gibraltar, Paraguay, Antigua and Barbuda, Lesotho, Saint Kitts and Nevis, Samoa, Palau, Qatar, Cambodia, Anguilla, American Samoa, Turks and Caicos Islands, Northern Mariana Islands, Uzbekistan, Macao, United States Minor Outlying Islands, Guyana, Cuba, Congo, Barbados, Lao People's Democratic Republic, Suriname, Aruba, Fiji, Montserrat, Grenada, Saint Vincent and the Grenadines, Nepal, Kyrgyzstan, Montenegro, Chad, Faroe Islands, Somalia, Mali, Burundi, Guinea, Ethiopia, Comoros, Mauritania, Martinique, Niger, Holy See (Vatican City State), Turkmenistan, Mayotte, Burkina Faso, Andorra, Antarctica, Greenland, Wallis and Futuna, Papua New Guinea, Mongolia, French Polynesia, Maldives, Central African Republic, Eritrea, Guinea-Bissau, Djibouti, Equatorial Guinea, Cape Verde, Sao Tome and Principe, French Guiana, Solomon Islands, Tuvalu, Kiribati, Tonga, Niue, Tokelau, Nauru, Norfolk Island, Myanmar, Korea.