Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Has the Weinstein scandal 'freed' women from their silence?

Read more

MEDIAWATCH

#MeToo and #BalanceTonPorc exposes extent of sexual harrassment

Read more

FOCUS

Turkey's brain drain: Talents turn their backs to limited freedom and declining economy

Read more

TALKING EUROPE

Internet giants: Too big to be taxed?

Read more

TALKING EUROPE

EU’s Karl-Heinz Lambertz: ‘Empowering regions and cities very important for Europe’s future’

Read more

ENCORE!

Music show: Client Liaison, Boyz II Men & Jessie Ware

Read more

THE WORLD THIS WEEK

Iran deal decertified: Trump disavows nuclear agreement without walking away from it

Read more

BUSINESS DAILY

British PM heads to Brussels amid Brexit standoff

Read more

IN THE PAPERS

Why was Hollywood so quick to shun Harvey Weinstein and not others?

Read more

'Clear' risk of trade war from protectionist policies: WTO chief

© AFP/File | "The risk of a trade war is very clear," Head of the World Trade Organization Roberto Azevedo said?

PANAMA CITY (AFP) - 

There is a "clear" risk of a trade war happening because of protectionist policies, the World Trade Organization chief Roberto Azevedo said Wednesday.

The WTO's director-general did not implicate any countries by name behind such policies, even though he was asked about the effects US President Donald Trump's "America First" stance could have on the global trading system.

"The risk of a trade war is very clear," Azevedo told reporters during a visit in Panama.

"Once a country, whichever one, applies unilateral measures, there is a response from others and we could see a domino effect," he said.

"The reality is that, at the end of the process, if we have a trade war everybody without exception will be worse off than when it starts."

Since entering the White House, Trump's administration has talked about the US trade deficit vis-a-vis several countries, notably China and Mexico.

The president has said he is prepared to tear up the NAFTA free trade deal with Canada and Mexico. On Wednesday, reports said the US was looking at probing China for unfair trade practices.

Azevedo was in Panama for meetings with government officials and business representatives.

"The problem we have is a global problem: we have an economy not growing sufficiently fast and that gives rise to temptations of unilateral protectionist actions," he said.

© 2017 AFP