日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

IMF, World Bank urge countries to keep trade open amid COVID-19 pandemic

Xinhua | Updated: 2020-04-20 09:12
Share
Share - WeChat
International Monetary Fund (IMF) chief economist Gita Gopinath speaks at a virtual press briefing in Washington DC, the United States, April 14, 2020. [Photo/Xinhua]

WASHINGTON - The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could backfire.

At a virtual press conference during the just-concluded spring meetings of the two multilateral institutions, IMF Chief Economist Gita Gopinath said that this is not a time to restrict the trade of medical supplies and essential equipment around the world.

"It is very important that this does not become a future where we reverse all the gains that we've got from globalization," said Gopinath, in response to a question from Xinhua.

Echoing her remarks, Kenneth Kang, deputy director of the Asia and Pacific Department at the IMF, told Xinhua in a recent written interview that countries should avoid trade restrictions on medical and health products to ensure that they go to where they are most needed.

World Bank Group President David Malpass speaks at a virtual press conference, in Washington DC, the United States, on April 17, 2020. [Photo/Xinhua]

"Countries with limited health care capacity and resources will need international aid to prepare for and weather the pandemic," Kang said. "The health emergency is a powerful reminder of the need for policy coordination and solidarity in an interconnected world," he said.

The IMF official said that countries should cooperate to reduce tariff and non-tariff barriers that impede cross-border trade and investment and to strengthen global supply chains as the recovery takes hold.

Zhang Tao, deputy managing director of the IMF, told Xinhua that he hoped these supply chains would work as best as they can to maximize global production and supply, which makes global collaboration "essential."

"Today more than ever, the global economy would benefit from a more open, stable, and transparent, rules-based international trade system," Zhang said.

World Bank President David Malpass, meanwhile, said at a virtual press conference Friday that big countries need to step forward and pledge not to use the crisis as a reason to close or block the markets.

"We should allow markets to function, markets to clear and the supplies to go to those most in need," said Malpass, adding that China is exporting medical supplies to the rest of the world, which is "very welcome."

The IMF and World Bank's advocacy for free trade came as protectionist sentiments are growing across the globe amid the pandemic. Some 46 export curbs on medical supplies have been introduced by 54 governments since the beginning of the year, according to a report published on March 23, by Global Trade Alert, a trade policy monitoring initiative.

Thirty-three of those export curbs have been announced since the beginning of March, "an indication of just how quickly new trade limits are spreading across the globe," the report showed.

Aaditya Mattoo, chief economist for East Asia and the Pacific Region at the World Bank, said it is a bit understandable for countries to impose export restrictions, but these actions are "almost always counterproductive."

"If each country imposes restrictions, then the global price increases even more than it would have. And it can end up being a self-defeating policy," Mattoo said at a recent press call, in response to a question from Xinhua.

The World Bank economist also noted that such measures would hit those countries who rely on these badly needed medical supplies, especially poor countries, which import a lot of drugs, ventilators and masks.

Despite that, Jeffrey Sachs, a renowned economics professor at Columbia University, told Xinhua that he thinks there will be more protectionism in Western countries, both in the United States and the Europe.

China will have to work hard to secure long-term supply chains and two-way trade, including with Association of Southeast Asian Nations (ASEAN), Africa and South America, said Sachs, also a senior United Nations advisor.

"I believe that China, Japan, (South) Korea, and ASEAN should work hard for a swift recovery and open trade amongst themselves," said Sachs. "East Asia could be back in business because East Asia never lost control of the epidemic."

As the global economy is on track to shrink "sharply" by 3 percent this year due to the pandemic, the IMF chief economist highlighted the importance of keeping trade open in global recovery.

"The world needs a healthy recovery. It needs a strong recovery. And that will not come about if the world de-globalizes because that would severely reduce productivity in the world," Gopinath said. "And that's the last thing we want at this time."

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美成a高清在线观看www | 欧美一级久久 | 日本在线观看不卡 | 免费在线黄色电影 | 国产精品秒播无毒不卡 | 国产高清视频在线 | 亚洲视频国产精品 | 黑人精品欧美一区二区蜜桃 | 91毛片网站 | 国产免费观看一级国产 | 九九这里只有精品视频 | 亚洲www啪成人一区二区 | 国产精品亚洲第一区二区三区 | 精品综合在线 | 久久视频在线视频 | 国产日韩精品视频 | 亚洲精品在线免费观看视频 | 亚洲网站在线免费观看 | 精品国产福利片在线观看 | 亚洲精品国偷拍自产在线观看蜜桃 | 国产精品久久久久无码人妻 | 欧美日韩在线视频观看 | 男人j进女人j啪啪无遮挡动态 | 中文字幕亚洲欧美日韩在线不卡 | 天天亚洲综合 | 国产欧美日韩精品a在线观看高清 | 毛片少妇爽到高潮特黄A片 六月色播 | 国产一区二区在线免费观看 | 国产视频三区 | 亚洲人成一区二区三区 | 在线中文一区 | 色屋视频 | 狠狠干2020 | 久久国产亚洲欧美日韩精品 | 亚洲午夜一区 | 天天干狠狠干 | 免费日本在线视频 | 岛国色情A片无码视频免费看 | 亚洲一区二区三 | 欧美高清观看免费全部完 | √天堂在线 |