Ronaldo expresses joy celebrating Saudi Founding Day with Crown Prince at Saudi Cup 2025    Volvo returns to Saudi Arabia with Electromin — a bold step toward a sustainable future    Saudi Arabia implements new personal status regulations    Riyadh begins installing nameplates honoring Saudi imams and kings in 15 major squares    Israel delays Palestinian prisoner release as military escalates West Bank operations    Zelenskyy aims for 'just peace' with Russia by 2025, says Ukraine's foreign minister    Germany votes in landmark election as conservatives lead in polls    Trump defends foreign aid freeze, calls USAID a 'left-wing scam'    Bergwijn, Benzema lead Al-Ittihad to dominant 4-1 Clasico win over Al-Hilal    Saudi U-20 team secures spot in 2025 FIFA U-20 World Cup with last-minute winner over China    PIF seeks to expand US investments despite restrictions, says governor Al-Rumayyan Saudi sovereign fund launched 103 companies across 13 sectors, aims to attract more foreign talent to Saudi Arabia    Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships    Saudi Media Forum concludes with key industry partnerships and award recognitions    Al-Ettifaq stuns Al-Nassr with late winner as Ronaldo protests refereeing decisions    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    'Neighbors' canceled again, two years after revival    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Protectionism rejected at start of Hanover Fair
Published in Saudi Press Agency on 19 - 04 - 2009


Inaugurating this year's Hanover Fair,
German President Horst Koehler spoke out Sunday against protectionism
and called for an "ecological industrial revolution" worldwide, according to dpa.
He was speaking at the official opening ceremonies before the
five-day fair opens its doors to the public on Monday morning. The
expo is rated by many as the world's top trade fair for factory
machinery and parts including robots.
Koehler, the German head of state, and a former head of the
International Monetary Fund, said world trade looked set to shrink in
2009 by the biggest margin since the Second World War.
Criticizing recent calls for protectionism in some countries, he
demanded a "clear-cut timetable" to conclude the lagging Doha trade
round of world talks on encouraging free trade.
Visiting South Korean Prime Minister Han Seung-Soo agreed, telling
fair guests in Hanover, "The more difficult the crisis, the stricter
we should be about the liberalization of foreign trade. Increasing
trade barriers only causes a vicious circle of protectionism."
Han also backed Koehler's call for what he called "green growth."
Koehler said the whole world economy had to become more
environmentally friendly. He said, "We'll best achieve that by
respecting the fundamentals of market economics while keeping in mind
the fair distribution of wealth."
South Korea is the "partner nation" at the fair this year and
hopes to expand its manufacturers' sales on the European market.
Seoul has flown the National Dance Company of Korea, the Yepoong
drummer band and the Kaya-Go traditional Korean music ensemble to
Hanover to perform for VIP invitees and interested German audiences.
The fair bills itself as 13 specialist fairs rolled into one, with
sections devoted to fields such as industrial automation, pumps,
power-generation machinery and paints. The organizing company,
Deutsche Messe, said it booked 6,150 exhibitors from 61 nations.


Clic here to read the story from its source.