India’s Narendra Modi warns against ’forces of protectionism’ in Davos speech

India’s Narendra Modi warns against ’forces of protectionism’ in Davos speech
Indian Prime Minister Narendra Modi. Photo: Laurent Gillieron/Keystone via AP

Indian prime minister Narendra Modi has said the recent wave of trade protectionism, in which governments raise barriers to free trade between nations, is "worrisome".

Mr Modi delivered the warning in a speech on Tuesday just hours after the US government of President Donald Trump approved tariffs on imported solar-energy components and large washing machines in a bid to help US manufacturers.

In a keynote address to the World Economic Forum in Switzerland, Davos, Mr Modi said that "forces of protectionism are raising their heads against globalisation".

Without directly mentioning Mr Trump or the US, he said "the solution to this worrisome situation against globalisation is not isolation".

He quoted Mahatma Gandhi in saying: "I don’t want the windows of my house to be closed from all directions. I want the winds of cultures of all countries to enter my house with aplomb and go out also."

IMF managing director Christine Lagarde, Presidents Paul Kagame of Rwanda and Emmerson Mnangagwa of Zimbabwe, and former US vice president Al Gore listened to the speech.

- PA

More in this Section

Molex Ireland losses reached almost €8m last yearMolex Ireland losses reached almost €8m last year

Tullow shares slump to 20-year lowTullow shares slump to 20-year low

Magee clothing firm hit by Brexit fearsMagee clothing firm hit by Brexit fears

Wetherspoon planning more pubs for CorkWetherspoon planning more pubs for Cork


Lifestyle

Aileen Lee meets Christina Kenny - co-founder and design director of Lamb Design - to talk about her work and inspirations.Christina Kenny of Lamb Design: ‘I love bringing the outside in and inside out’

Tyrone designer Sharon Wauchob on her career and the worth of luxury fashion. By Paul McLauchlan.From Marc Jacobs to her own label, Tyrone designer Sharon Wauchob on her life in fashion

The recent sentencing of two teenage boys for the murder of Ana Kriégel has once again brought the issue of pornography into public discourse. The details of the case, which are finally coming into public knowledge, illuminate some very worrying trends that are pervasive in the modern adolescent world and as parents and indeed as a society we can no longer languish in complacency.Learning Points: Hardcore porn can pollute our children’s minds

If children are confident in interacting with others it takes away so much stress and social anxiety for them. Not too long ago, my daughter Joan and I were out with friends at a restaurant and we wanted extra water and a few other bits and Joan volunteered to go up and ask the waiter for them. My friend was really surprised at this and said that none of her children would willingly do that.Mum’s the word: We should look for chances to strengthen our kids’ social skills

More From The Irish Examiner