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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.


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