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

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".

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

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 courts articles

Football fan given banning order after mocking Munich air disaster Football fan given banning order after mocking Munich air disaster
Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van

More in this section

Tesla cancels its long-promised inexpensive car Tesla cancels its long-promised inexpensive car
Net zero Profits plummet at battery-maker LG Energy amid EV slowdown
Concern honours Ireland’s volunteers Concern honours Ireland’s volunteers
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited