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Weekly Report - 29 March 2012 (WR-12-13)

BRAZIL: Wrestling against protectionism

The Centre for Economic Policy Research, a London-based independent academic and policy research think-tank, released its 10th Global Trade Alert (GTA) this week, in which it warned that “the world trading system may face its greatest test in the year ahead” due to the mounting global trend of protectionism. Surprisingly, the UK, the supposed bastion of economic liberalism, features (along with Germany) high on the top ten list of the worst offenders. Less so is the prominent position of Argentina, which was ranked at number three for the number of (almost certainly) discriminatory measures imposed in the past year (111). Brazil was number nine on that list, with just 49.

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