China News Service, Beijing, March 31 (Reporter Li Xiaoyu) The China Council for the Promotion of International Trade (CCPIT) released the global economic and trade friction index on the 31st, showing that compared with 2020, global economic and trade frictions have eased as a whole, but economic and trade frictions between larger economies are still on the rise.
The China Council for the Promotion of International Trade will regularly track the economic and trade measures of 20 economies including China, the European Union, the United States, the United Kingdom, and Japan, and formulate global economic and trade measures based on import and export tariff measures, trade remedy measures, technical trade measures, import and export restrictions and other restrictive measures. friction index.
The latest index shows that compared with 2020, global economic and trade frictions tend to ease as a whole, but economic and trade frictions between larger economies are still on the rise.
Among them, the four economies of the United States, India, the European Union and Brazil have maintained a high level of economic and trade friction index for more than half a year.
The China Council for the Promotion of International Trade (CCPIT) said that various trade remedies have a large gap between developed economies and developing economies, and the intention to serve national manufacturing, national security and diplomatic interests is more obvious.
Advanced economies have adopted more industrial subsidies, investment restrictions and government procurement measures.
Import and export restrictions have become the main tool for Western countries to take measures against China.
In terms of industries, the industries affected by economic and trade frictions cover a wide range.
The economic and trade measures adopted by the 20 economies affected 92.9% of the products, involving agricultural products, food, medicines, machinery and equipment.
At present, affected by factors such as the continuation of the epidemic, the slowdown in the recovery of major economies, and the escalation of geopolitical risks, the downward pressure on global trade has increased.
Analysts believe that the politicization of trade remedy measures will have a negative impact on global trade.
(over)