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EuroCommerce warns on rising tide of protectionism

The IMF has issued its latest six-monthly World Economic Outlook, which again marked a continued shift towards protectionism in advanced economies.

As this and other recent reports – and the direct experience of retailers, wholesalers and traders – show, there is a continued move away from open trading policies. In our view, the accelerating trend of countries looking to short-term measures to protect a particular sector ignores the long-term damage, not only to the wider economy, but also the long-term cost to themselves in lost competitiveness and economic health. A free global market and an open EU Single Market aim to allow consumers and businesses access to the goods and services they want to buy. Protectionism is essentially about the state making decisions which close off choices for ordinary people and companies.

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"The Narratives"

EuroCommerce Narrative on Retail and Wholesale in a changing world…

The world is changing rapidly. Retailers and wholesalers have repeatedly shown how resilient and adaptive they are, and are moving ahead with embracing this change, providing value to customers, suppliers, and society at large. This great story is worth telling – both to the sector and to the wider world. And the story needs to say clearly what we want from the EU and from national governments to make our sector sustainably competitive.

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"The Narratives"