L’AQUILA, Italy – Leaders of the exclusive club of eight industrialized leaders plus five of the fastest developing nations are calling for open markets and a battle against protectionism as the answer to the world’s economic meltdown.
But the need to save jobs back home is pulling them in the opposite direction. How can the goal set by the leaders — completing a long-stalled world trade deal by next year — be reconciled with major pressures to protect local industries?
Meeting in the quake-stricken Italian city of L’Aquila, the leaders said they wanted to finally reach an agreement next year on a long-stalled world trade deal, according to a draft of a joint declaration obtained by The Associated Press. It’s a familiar pledge that has failed to prompt action in the past.
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