Trade

Dominic Raab warns against damaging protectionism amid pandemic

U.K. Foreign Secretary Dominic Raab warned against “damaging protectionism” following moves by the U.S. government to restrict trade in medical kit.

In an op-ed for the Sunday Telegraph Raab said “we are working to keep international supply chains open for food, medicine and health equipment.”

“The Prime Minister, Trade Secretary and I are pressing the G7 and G20 groups of major economies to keep trade routes open — and avoid compounding the harm of COVID-19 with damaging protectionism,” he added, though he did not name any particular country.

On Friday, U.S. President Donald Trump invoked the emergency Defense Production Act to prevent the hoarding or exporting of critical medical gear needed to combat the coronavirus outbreak.

The order would prevent manufacturers from exporting “when doing so is consistent with United States policy and in the nationaRead More – Source