"protectionism"

Protectionist actions are short-sighted and doomed to fail, Chinese President Xi Jinping said Saturday ahead of an APEC summit at which US-China trade tensions are likely to take centre stage.

European leaders sought to build support from Asia Thursday in defence of free trade and the fight against climate change, to counter the growing protectionism of President Donald Trump's America.

With a rapidly oscillating geopolitical dynamic, one underscored by escalating trade tensions between major powers, Asian leaders called for adherence to a "rules-based" order, and rejected unilateral and protectionist moves, on the closing day of the World Economic Forum on Asean in Hanoi.

Growing protectionist sentiment and the fomenting of militarization by outside forces are two major negative factors plaguing East Asia, warned State Councilor and Foreign Minister Wang Yi.

The trade relationship between Australia and Thailand is strong, but there is huge potential for growth. In the face of growing protectionism in some international markets, it is vital that we continue to nurture the links that have contributed to our shared economic prosperity.

The “last minute” decision by US telecoms carrier AT&T to drop a partnership deal with Huawei Technologies to sell the Chinese brand’s smartphones in the United States, as reported on Wednesday, is the result of political pressure rather than business considerations.

APEC MINISTERS have pledged to support free trade and to fight all forms of protectionism.

CHINESE President Xi Jinping yesterday urged major multilateral institutions to join his new Belt and Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth.

BEIJING - Chinese President Xi Jinping urged world leaders to reject protectionism on Monday at a summit positioning Beijing as a champion of globalisation, as some countries raised concerns over his trade ambitions.

THE Asean Economic Ministers and key Japanese government officials have tackled the need to further limit protectionism in their respective countries in a meeting held in Tokyo last week, according to Trade and Industry Secretary Ramon Lopez in a Viber message to reporters, noting that the matter of protectionism remained as tendencies and not actual policies due to fear of repercussions.

If the situation remains unchanged, free trade around the world could face a crisis. Relevant countries must solidify their unity to stop the rise of protectionism with the United States at its epicenter.

TRADE protectionism targeting Chinese goods will continue to be “severe” in 2017 as anti-globalisation forces are likely to keep growing in the United States, senior Chinese trade officials said.