Italy’s Draghi warns against protectionist measures
Mario Draghi, the governor of the Bank of Italy, on Friday warned against countries adopting protectionist policies, calling it the wrong move for global recovery efforts.
Draghi said that in 2008 and 2009 several countries had undertaken trade-defensive measures, by imposing discriminatory anti-dumping duties specifically targeted at low-cost exporters, such as China. "Developing countries have also introduced new tariff and non-tariff barriers; advanced countries have instead often turned to
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