Belt And Road Forum: World Leaders Oppose Protectionism

CNC
Added On May 16, 2017

Leaders from 30 countries and three key international organizations attending a roundtable meeting of a forum have agreed to oppose all forms of protectionism.
  
That's according to a joint communique adopted by participants in the Leaders Roundtable of the Belt and Road Forum for International Cooperation.

The communique states the leaders reaffirm their shared commitment to build open economy, ensure free and inclusive trade, oppose all forms of protectionism including in the framework of the Belt and Road Initiative.

According to the communique, the leaders endeavor to promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system with WTO at its core.

On deepening economic and trade cooperation, leaders agree to uphold the authority and effectiveness of the multilateral trading system, and work together to achieve positive outcomes at the 11th WTO ministerial conference; promote trade and investment liberalization and facilitation and enable the general public to benefit from trade.
  
The two-day forum is by far the most important meeting on the Belt and Road Initiative since Chinese President Xi Jinping first raised the concept in 2013. It is the largest-scale and highest-level international gathering initiated by China.