Report on G20 Trade Measures (2012)

Lamy reports slowdown in G-20 trade restrictions but warns trade frictions on the rise: Director-General Pascal Lamy, in his report on G-20 trade measures issued on 31 October 2012, said that “there has been a slowdown in the imposition of new trade restrictive measures by G-20 economies over the past five months”. However, “at a time of continuous economic difficulties, trade frictions seem to be increasing”. He urged G-20 governments “to redouble their efforts to keep their markets open, and to advance trade opening as a way to counter slowing global economic growth”.