WTO - Lamy urges governments to rebuild confidence and fight protectionism

Confidence is key in time of crisis and to achieve this, governments should clean banks’ balance sheets, signal that individual stimulus packages are closely knitted together into a global joint effort, demonstrate that leaders of major economies can work together in full coordination and trust, and show that the world trade environment is not deteriorating, that isolationist pressures are contained. That was the message Director-General Pascal Lamy delivered to a conference in Seoul, Republic of Korea, on 23 February 2009.