IMF urges countries to work constructively together to reduce trade barriers

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The International Monetary Fund (IMF) has urged countries to work constructively together to reduce trade barriers.

Describing the United States’ decision to impose metal tariffs on the European Union, Canada and Mexico as unfortunate, IMF Spokesperson, Gerry Rice said in Washington that trade tensions are rising at a moment where the global recovery is being supported by trade.

He said for the first time in a long time, trade is growing faster than global GDP, and spreading recovery around the world.

Rice said because of trade and innovation, billions of people today enjoy longer, healthier and more prosperous lives and IMF encourage countries to resolve trade disagreements without resorting to exceptional measures.

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