Trade and Investment

Protectionism is unlikely to prevail. Here's why

A ship is loaded with containers at Sydney's Port Botany container terminal March 4, 2013. Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to profits and incomes that also gave the local dollar a lift. Wednesday's figures from the Australian Bureau of Statistics showed exports climbed 3.3 percent overall to a seasonally adjusted A$25.64 billion, the highest total in eight months. Earnings from farm goods, coal, metals and iron ore all increase in the month thanks in part to rising prices. Picture taken March 4, 2013.   REUTERS/David Gray   (AUSTRALIA - Tags: BUSINESS) - RTXY7G5

Although new trade deals can spark controversy, it is highly unlikely that protectionism will prevail. Image: REUTERS/David Gray

Daniel Gros
Director, Centre for European Policy Studies (CEPS)
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Related topics:
Trade and InvestmentEconomic ProgressEmerging-Market Multinationals
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