Do you have a new instance of protectionism to report? Here's a place to do it:
Global Trade Alert provides real-time information on state measures taken during the current global downturn that are likely to affect foreign commerce. It goes beyond other monitoring initiatives by identifying the trading partners likely to be harmed by these measures.
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Global Trade Alert encourages third parties to submit measures for scrutiny.
More from Reuters here:
Britain launched a website on Monday that will give live updates on global protectionism to foster free trade and help the world economy recover from the worst recession since the 1930s.
British Business Secretary Peter Mandelson said the Global Trade Alert site would act as a watchdog to deter governments from protectionist measures that he warned would only make the recession "longer and more painful."
"Everyone is watching everyone else and there is a lot to be said for peer pressure," he said. "(The) trading system faces a huge crisis of demand and of credit, but the real long-term risk to its health lies in protectionism."
The website, run by a London-based economic thinktank, will gather evidence of new tariffs, as well as non-tariff barriers and emergency steps taken in response to the downturn, he added.
