Monday, November 17, 2008

Round and round and round and round....

The great unwashed turned their eyes towards the heavens this past weekend as the great and glorious met to "do something" in order to save civilisation and/or further their hopes for future re-election. Of course, an "action-orientated" communiqué was issued:

13. We underscore the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty. In this regard, within the next 12 months, we will refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing World Trade Organization (WTO) inconsistent measures to stimulate exports.

Elsewhere today:

The European Union (EU) put antidumping duties on Chinese-made candles and non-alloy steel products on Saturday, approving an earlier flagged move as leaders at the Group of 20 (G20) summit called for countries to avoid trade protectionism.

Blessed are the experts.

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