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US not in favour of protectionism: Geithner Lalit K Jha in Washington | March 31, 2009 12:26 IST
"We are very committed to avoid protectionism; we are committed to open trade and investment policy that is a critical part of any successful global approach to this crisis," US Treasury Secretary Timothy Geithner said at a media round table with select foreign journalists. "The (US) President has been very clear in public (about) his commitment to engagement with growth; working with the world economy; ever more working ties with the rest of the world," he said in response to a question about concerns in the other countries of the world about US resorting to protectionist measures. "Businesses across America have a deep interest in a growing open world economy and we benefit hugely from the openness we provide," he said. "...we all have a huge interest in making sure that we prevent any intensification (of protectionist measures)," said the Treasury secretary.
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