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Monday, May 23, 2011


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This is the latest information letting you know, Trade Protectionism at G20 Economic summit. President Lee Myung -bak called on World leaders to conclude a long Delayed accord to reduce subsidies and tariffs,warning that trade protectionism will hurt emerging markets.

In his Keynote speech at the G20 economic summit in washington, he also suggested currency swap lines between advanced and emerging economics and more funds to developing countries to help alleviate a credit crunch in the global financial markets.Also he said that G20 nations must lead the way for the stalled WTO Doha Agreement to be concluded as soon as possible.

President Lee also presumed that all global issues including financial crisis should be discussed both by developed and emerging economics.

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