Al-Qaryan Group begins 125,000 m2 decommissioning project for Ibn Rushd in Yanbu    At least 13 killed and dozens injured in Russian strike on Zaporizhzhia    Hollywood Hills blaze rapidly expanding, fire chief says    Oscar nominations postponed because of LA fires    Elon Musk's interference in national debates angers Europe's leaders    Saudi Crown prince and Zelenskyy discuss Ukrainian-Russian crisis in phone call    Islamic Arts Biennale 2025 to witness first-ever display of full kiswah of Kaaba outside Makkah city    King Salman and Crown Prince offer condolences to Chinese president over earthquake victims    Saudi Arabia tops in venture capital investment, with SR2.8 billion, in MENA in 2024    Energy minister: New law to build a legislative framework for Saudi energy sector    KSrelief distributes relief aid in Syrian city    Saudi Arabia launches "Our Winter is Rural" initiative to promote rural tourism and sustainable development    Iqama of dependents of expatriates and house workers can extend from outside Saudi Arabia    Oman aims for metro project by 2032, minister says    Al-Qadsiah secures spot in King's Cup semi-finals with dominant win over Al-Taawoun    Rajković shines as Al-Ittihad edge Al-Hilal in dramatic King's Cup quarter-final    Saudi Arabia announces dates and venues for AFC Asian Cup 2027    Barcelona and Athletic Bilbao arrive in Jeddah ahead of Spanish Super Cup semi-final    Golden Globes 2025: France's 'Emilia Pérez' wins big, as 'The Brutalist' nabs major awards    Demi Moore continues comeback with Golden Globe win    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.