Martin warns against protectionist attitudes to global trade

THE global recession will only worsen, if Governments revert to protectionist attitudes to global trade, according to Minister for Foreign Affairs Micheál Martin, who called on countries to “trade our way out” of the current crisis.

Mr Martin said, in previous times of difficulty, protectionism (keeping jobs, goods and capital at home) only made recessions worse, and it is more important than ever that countries look at the bigger picture and do not look inwards.

He addressed business leaders and Irish entrepreneurs in Mexico.