Trade Implications of Policy Responses to the Crisis
26 May 2009, Brussels
CEPR and The World Bank
Attendance: Invite Only
Organizer: Simon Evenett, Bernard Hoekman,
"We will not repeat the historic mistakes of protectionism of previous eras" paragraph 20 of the G20 Leaders’ Statement, London, 2 April 2009
The Leaders of the G20 who met in London on 2 April 2009 reaffirmed the commitment to refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing WTO inconsistent measures to stimulate exports. They also committed to minimize any negative impact on trade and investment of their domestic policy actions including fiscal policy and action in support of the financial sector.
This conference offers a reality check of the implementation of these commitments, less than two months after the London Summit, and about a month before the La Maddalena G7 meeting. It also offers a broader perspective on domestic policy actions, whether consistent or not with international trade rules, which could have a significant impact on trade and investment flows. Presenting the views of both policy makers and academic experts, it will attempt to assess better and worse practices, and guide policy responses to the crisis in the lead-up to La Maddalena.
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