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Expert calls for harsher punishment on trade protectionism cases

By Jiang Wei and Wang Bo (chinadaily.com.cn)
Updated: 2009-07-04 13:53

The World Trade Organization (WTO) should make harsher punishments on affirmed trade protectionism cases to contain protectionism sentiment effectively, Hai Wen, vice president of the Peking University, said on Saturday in Beijing during the Global Think Tank Summit.

He said it is also important for countries to enhance their policy coordination to generate greater synergy to combat protectionism.

Hai suggested the five major trader powers -- the EU, China, US, Japan and Russia -- could set up an organization called 'Trade 5' to discuss trade issues and safeguard balanced trade between nations.

The first Global Think Tank Summit will be held in Beijing from July 2-4, where close to 100 top-notch think tanks from home and abroad will be represented, including the Brookings Institution.
Main Forum
International Financial and Economic Crisis and Global Economic Outlook
Sub-Forums
I:  Promoting Trade Liberalization and Investment Facilitation
II: Sustainable Development and Macro-economic Policies
III: Cooperation and Responsibilities of Multinationals during the Financial and Economic Crisis
IV: Global Consumption, Savings and Financial Security
V:  Idea Exchange with Global Think Tanks on Key Economic Issues
Agenda
Afternoon of July 2 - Opening Ceremony
July 3 - Main Forum
July 4 - Parallel Sub-Forums
 
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