Medvedev: there will be no winners in the trade war
Russia continues to actively deepen its cooperation with the countries of the Asia-Pacific region, about which we already in detail informed earlier. And so, on November 19, 2018, Prime Minister Dmitry Medvedev, following the results of his two-day visit to Vietnam, made an important statement. It refers to the trade war that the United States unleashed against other countries.
According to Medvedev, the trade war in the world is already underway, and there will be no winners. So he answered the question of how to protect yourself from a trade war if it starts. He clarified that all of us are currently witnessing what is happening. And this war is already bringing certain fruits to certain countries that are trying to impose their opinions on others, on the other hand, it brings costs to all world trade.
- emphasized the head of the Russian government.
Medvedev believes that Russia is in favor of maintaining a free and open trade regime, trying to consolidate the principles of multilateralism in trade, but on a more modern basis. For understanding, multilateralism, this is the organization of foreign economic relations, which are based on mechanisms that allow each country to enjoy privileges in relations with all partners. It differs significantly from the principle of bilaterism, which is based solely on bilateral relations.
Medvedev expressed the hope that after some time, all the same, it will be possible to convince other states to adhere to the principle he mentioned. Although this principle already has so many supporters, such as China, Vietnam, European countries. He emphasized that as a result of the ongoing trade war, international economic relations.
- specified Medvedev.
Medvedev recalled how the United States imposed protective duties on a number of goods, including those from China and the EU, and indeed, "somewhere in the market they got an advantage." But, as certain goods from China and the EU ceased to flow into the United States, the domestic American market warped, prices rose and other imbalances appeared. Thus, the success of the protective duties of the United States was very doubtful.
According to Medvedev, the trade war in the world is already underway, and there will be no winners. So he answered the question of how to protect yourself from a trade war if it starts. He clarified that all of us are currently witnessing what is happening. And this war is already bringing certain fruits to certain countries that are trying to impose their opinions on others, on the other hand, it brings costs to all world trade.
Because, ultimately, as in any war of this kind, of course, there will be no winners
- emphasized the head of the Russian government.
Medvedev believes that Russia is in favor of maintaining a free and open trade regime, trying to consolidate the principles of multilateralism in trade, but on a more modern basis. For understanding, multilateralism, this is the organization of foreign economic relations, which are based on mechanisms that allow each country to enjoy privileges in relations with all partners. It differs significantly from the principle of bilaterism, which is based solely on bilateral relations.
Medvedev expressed the hope that after some time, all the same, it will be possible to convince other states to adhere to the principle he mentioned. Although this principle already has so many supporters, such as China, Vietnam, European countries. He emphasized that as a result of the ongoing trade war, international economic relations.
Yes, you can get a personal advantage, introduce duties, and somehow support your market a little, but, ultimately, all this will come back after a while through the problems that your businessmen will have but deal with other issues
- specified Medvedev.
Medvedev recalled how the United States imposed protective duties on a number of goods, including those from China and the EU, and indeed, "somewhere in the market they got an advantage." But, as certain goods from China and the EU ceased to flow into the United States, the domestic American market warped, prices rose and other imbalances appeared. Thus, the success of the protective duties of the United States was very doubtful.
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