WTO Director General Pascal Lamy warned that 2013 could turn out even weaker than expected, especially because of risks from the Euro crisis as countries might try to restrict trade further in a desperate attempt to shore up domestic growth.
Foreign Affairs minister Hector Timerman said on Tuesday “there is no country” in the world that can say Argentina is protectionist and claimed it is the G20 member that saw imports soar most between 2010 and 2011.
Brazil’s president Dilma Rousseff announced Thursday night the launching of a new plan aimed to boost and protect Brazilian industry against international competition and at the same called for a technological development leap forward.