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Protectionism is gaining ground and globalisation is losing its appeal Emmanuel Ogbah Womens Jersey , but India is open for business, Indian Prime Minister Narendra Modi told the World Economic Forum on Tuesday.


Modi is leading a big government and business delegation to the summit in Davos, the first Indian prime minister do so in 21 years, aiming to showcase India as a fast-growing economic power and a potential driver of global growth.


His comments on rising trade barriers came ahead of an address to the forum later this week by US President Donald Trump, who has championed inward-looking policies for the world's biggest economy.


"Instead of globalisation Corey Coleman Womens Jersey , the power of protectionism is putting its head up. Their wish is not only to save themselves from globalisation but to change the natural flow of globalisation," Modi said at the opening of the forum, which has attracted 70 heads of state and government, chief executives and top bankers.


"The result of this is that we are seeing new types of tariff and non-tariff-based barriers being imposed. Bilateral and multilateral trade negotiations appear to have come to a halt.

　　India's Prime Minister Narendra Modi gestures as he speaks at the Opening Plenary during the World Economic Forum (WEF) annual meeting in Davos, Switzerland Zane Gonzalez Womens Jersey , January 23, 2018. REUTERS

"There is a slowdown in cross-border financial investments and the expansion of (the) global supply chain appears to have slowed down."


Trump has been pushing an "America First" policy of getting businesses to invest in the United States instead of overseas, potentially affecting the growth prospects of emerging economies such as India dependent on foreign investment.


During his 2016 election campaign, Trump blamed globalisation for ravaging US manufacturing jobs as companies sought to reduce labour costs by relocating to Mexico and elsewhere. Trump is due to address the forum on Friday.


Modi said climate change was a major threat to the world, yet the world had failed to come together to tackle it. He said everyone wanted carbon emissions to be cut Howard Wilson Womens Jersey , but the rich world was not ready to help developing economies with new technology.


India, one of the world's fastest growing major economies and a growing contributor to pollution, has said it is keen to honour its commitment to clean up the environment despite Trump pulling out of the Paris accord on cutting carbon emissions.


Agencies


By EVAN DUGGAN


VANCOUVER, Jan. 30 (Xinhua) -- A major breakthrough is needed in the renegotiations of the North American Free Trade Agreement (NAFTA) in order to keep the pact alive, says a Canadian trade expert.


"There has to be some type of announcement related to an agreement within a major sector Larry Ogunjobi Womens Jersey ," said Michael Manjuris, a professor of economics and trade at Ryerson University in Toronto. "Maybe it will be the automotive sector because that seems to be the one we're all talking about."


Trade ministers from Canada, Mexico and the U.S. on Monday completed the sixth round of NAFTA negotiations in Montreal, with lead officials noting that some progress was made, but adding that tough challenges remain ahead of a new deal.


Something like a breakthrough in the auto sector "will have to come out in the next round to show that there is real progress and we're not going to turn to a political fight in having [NAFTA] cancelled David Njoku Womens Jersey ," Manjuris told Xinhua in an interview.


U.S Trade Representative Robert Lighthizer in his closing remarks after the weekend meeting said they took a step forward in this latest round, but he also criticized Canada for its recent launch of a challenge against U.S. trade practises with the WTO.


He called the complaint "unprecedented" and a "massive attack on all of our trade laws," according to Canadian news reports.


Last month, Canada's government launched the wide-ranging 32-page complaint to the WTO, accusing the U.S. of imposing unfair anti-dumping and anti-subsidy duties against Canadian products.


Canada said U.S. broke the WTO's Anti-Dumping Agreement Jabrill Peppers Womens Jersey , the Agreement on Subsidies and Countervailing Measures, the General Agreement on Tariffs and Trade, and the Understanding on Rules and Procedures Governing the Settlement of Disputes.


Manjuris said the complaint will have certainly sparked interest from other nations around world.


At the World Economic Forum in Davos last week, U.S. President Donald Trump claimed success for his first year in office and said America remains open for business, resisting his apparent urge to exclaim his America-first protectionist rhetoric he has often repeated on U.S. soil.


As for NAFTA Myles Garrett Womens Jersey , Manjuris sai