RIO DE JANEIRO, BRAZIL - Countries should be wary of turning to protectionist trade measures in a bid to shore up their pandemic-hit economies, Uruguay's President Luis Lacalle Pou said on Wednesday, December 16th.
Addressing the 57th Presidents' Summit of South American trade bloc Mercosur (Southern Common Market), held virtually due to the novel coronavirus (COVID-19) pandemic, Lacalle Pou urged member states to avoid "protectionism" as a cure for economies laid low by lockdowns.
"The whole world has had governments that must protect their people and that protection of the people can be transformed into protectionism," warned Lacalle . . .