Deputy of SARB raises concern of rising protectionism worldwide
(MENAFN) Rashad Cassim, deputy governor of the South African Reserve Bank (SARB), on Tuesday voiced concern about rising protectionism in the world during an ongoing meeting of the Group of Twenty (G20) members.
"There are concerns about whether some countries are adopting more protectionist policies than others. The key is to create an environment that allows for open dialogue on trade matters," Cassim said during the fourth G20 Finance and Central Bank Deputies Meeting held in Durban.
The July G20 Finance Track meetings kicked off on Monday in Zimbali, KwaZulu-Natal, with the two-day Finance and Central Bank Deputies Meeting being the first session.
According to Cassim, the G20 Finance Track meetings would address a range of pressing global matters, with a key challenge being the identification of the sources of imbalances in the global economy.
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