Thursday, April 12, 2007

G-7 Plan Trade Defense Against `Serious Danger' of Protectionist Risks

(Bloomberg) -- Finance ministers from the Group of Seven industrial nations may use their meeting today to mount a defense of free trade against what the International Monetary Fund this week called the ``serious danger'' posed by protectionism.

In a bid to narrow the trade imbalances fanning the protectionist push, the G-7 will press the IMF to accelerate its crackdown on currency manipulation. The officials will also deliver another push to restart struggling global trade talks.


Read more at Bloomberg Currencies News

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