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CDE warns against protectionism, urging export-focused policies to boost South Africa’s manufacturing competitiveness and economic growth. A leading development think-tank has cautioned authorities against protectionism that would stifle export-based economic growth. The Centre for Development and Enterprise (CDE) further called for an overhaul of industrial policy to move it away from protectionism, towards a focus […]
Chinese President Xi Jinping has issued a call for continued global economic cooperation. His message comes at a time of increasing uncertainty in international relations. Xi’s statement was delivered by China’s Commerce Minister Wang Wentao at the APEC CEO Summit in Lima, Peru. Xi warned against attempts to reverse globalization. He emphasized the importance of […]
The Asia-Pacific region will see slowing economic growth over the next several years amid rising trade tensions, greater policy uncertainty and an ageing population that reduces its labour force and adds fiscal pressure, according to a report released by the Asia-Pacific Economic Cooperation group on Tuesday. “Protectionism, including increases in tariff lines, threatens trade growth […]
The United States is likely to become more isolationist regardless of who becomes its next president, India’s foreign minister said on Wednesday. Speaking at an event in Canberra as Americans were still casting votes, Subrahmanyam Jaishankar said the election was unlikely to reverse what he called he called a long-term trend in US policy. “Probably […]