India warns developed countries against protectionism

October 13th, 2009 UNITED NATIONS - India has come out strongly against protectionism in any form saying such measures would only serve to delay the global recovery from the economic crisis and would only create problems for the future. "There is widespread recognition of the need for more effective regulation of the international financial system," said Saif-Ud-Din Soz, MP, Monday during a UN committee discussion on International Financial System and Development.

September 19th, 2009 NEW YORK - Union Environment and Forest Minister Jairam Ramesh on Saturday said developed countries should not expect miracles at the Copenhagen Climate Summit to be held in December. Ramesh said the goals sought for emission control by the developed countries should be more realistic.

September 12th, 2009 EU warns against protectionism in GM sale of OpelBRUSSELS — The European Union's competition commissioner has warned she will take action if there is any protectionism in the sale of General Motors Co.'s European unit Opel. The Belgian government says it wants the EU Commission to investigate the Opel deal amid concern that Germany allegedly sought to protect its own plants at the cost of others.

September 10th, 2009 Chinese legislator warns against protectionismWASHINGTON — China's chief legislator on Thursday called for better economic cooperation with the United States and the removal of trade barriers protecting U.S. industries from foreign competition.

July 14th, 2009 NEW DELHI - India, China and Mexico retain their positions as the top recipients of migrant remittances among developing countries, said the World Bank Tuesday. As per official estimates, India has the largest diaspora of 25 million spread over 136 countries.

July 9th, 2009 L'AQUILA - Developed countries comprising the G8 are unwilling to commit themselves to reducing greenhouse gas emissions drastically by 2020, despite scientists across the world and developing countries urging them to do so. With the issue of climate change becoming significant during the G8-G5 summit here, especially in the run-up to the UN climate change summit to be held in Copenhagen this December, emerging economies of the G5 are exerting pressure on the G8 to commit to earlier targets on reducing emissions.

June 26th, 2009 NEW DELHI - Protectionist measures by the developed economies will have an adverse impact on the downturn, Commerce and Industry Minister Anand Sharma has said, even as he reaffirmed India's commitment to the successful conclusion of the Doha Round of trade talks. In his address at the Organisation for Economic Cooperation and Development (OECD) ministerial meet in Paris Thursday, Sharma said a rule-based multilateral trading system, which is fair and equitable and addresses aspirations of developing countries, was required with respect to the stalled Doha Round.

June 19th, 2009 WASHINGTON - India has cautioned nations toying with protectionist measures in the wake of the global economic crisis that such a move would not only be counterproductive, but also deepen the recession and delay recovery. "Any kind of protectionism will not only be counterproductive, but deepen the recession and delay the recovery," Commerce and Industry Minister Anand Sharma told reporters Thursday at the end of his three-day visit for talks with the US officials.

April 1st, 2009 LONDON - Acknowledging some serious differences among G20 members on how the world should tackle the worst economic crisis in decades, India hopes the urgent need to address the issue will force that elusive consensus. Ahead of the G20 summit here Thursday, being attended by Prime Minister Manmohan Singh, Indian officials said there remained major differences, notably between Europe and the US as well as between the developed and the rich nations on some key issues.

March 25th, 2009 WASHINGTON - India has cautioned the developed world against attempts to introduce 'protectionism under green label' as it would only complicate efforts to evolve a 'fair and equitable' global regime on climate change. 'What you need is a global collaborative effort to address the issue of climate change and not something which gets linked up with issue of level playing field,' Prime Minister Manmohan Singh's Special Envoy on Climate Change Shyam Saran said here Tuesday.

March 25th, 2009 NEW DELHI - Ahead of a likely meeting between Chinese President Hu Jintao and Prime Minister Manmohan Singh in London next week, China Wednesday said the two countries should join hands to tackle the global financial crisis to guard against protectionism of developed countries. 'The two countries can exchange experience and join efforts to tackle international financial crisis to guard against the protectionism of developed countries,' China's ambassador to India Zhang Yan told reporters here.

March 19th, 2009 NEW DELHI - 'Stop Protectionism' will be the India's advice to the developed world during next month's G-20 Summit in London. According to sources in the government, India is likely to pitch against the protectionist policies adopted by Europe in general and US in particular in the wake of the economic crisis.

March 18th, 2009 WASHINGTON - The World Bank warned Tuesday that protectionism has been on the rise across the globe since the financial crisis plunged the world into recession, despite government promises to avoid moves that restrict global trade. The World Bank said it had identified 47 national measures that restrict trade since the financial crisis exploded in September.

February 15th, 2009 BEIJING - China was 'deeply concerned' about trade protectionism, amid fears that such action would aggravate the economic downturn, an official said Monday. Ministry of Commerce (MOC) spokesman Yao Jian told a press conference that China was 'deeply concerned' over protectionism in some countries, which he didn't identify.

January 27th, 2009 LONDON - The head of the World Trade Organisation (WTO) has said multi-billion dollar financial packages aimed at bailing out failing banks and industries in rich countries may end up harming developing countries. 'There are planes that won't fly, ships that won't sail, cars that won't be sold.