Former US treasury secretary: America’s strategy should be to pick the US up, not to hold China down

Source
CGTN.COM
Editor
Ouyang
Time
2018-03-24

Former WTO chief: Protectionism will damage us all


Pascal Lamy, former director-general of the World Trade Organization, speaks at the annual session of China Development Forum (CDF) 2018 in Beijing, China, March 24, 2018. /CCTV Photo

Protectionism will damage us all, said Pascal Lamy, former director-general of the WTO, on Saturday at the forum. He noted that the trade war is a negative zero-sum game, and improvement is necessary in the current trading system, concerning better market access and disciplined subsidies.

"The US has a problem with the WTO systems," he said, noting that the priority is the negotiation.

Lamy pointed out that all countries should work together to further consolidate a rule-based multilateral trading system.

If negotiation fails, countries have to make efforts to ensure rule-based trading systems are strengthened rather than weakened.

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