On the sidelines of the Paris Peace Summit, UNCTAD Secretary-General Rebecca Grynspan, has warned against the growing threat of protectionism, as European economies worry about the impending America First policies of Donald Trump’s incoming U.S. government.
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00:00Because trade is growing less than the global economy.
00:05And so trade has stopped to be the engine of growth that we had at the beginning of the 21st century.
00:13So we need to revitalize trade, because it's an instrument for the developing countries to really make it in the global economy.
00:23But protectionism is back, you know, and we are worried about it.
00:28So we need to find the ways to build the consensus necessary for the developing countries to be able to take the opportunities that the global economy is now presenting to them.