Lavrov says US economy unable to compete honestly

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest


© Jeff Haynes/AP Images for Panini

MOSCOW, April 12. /TASS/. The US economy is no longer able to compete honestly, so Washington has to resort to unfair rivalry methods, Russian Foreign Minister Sergey Lavrov said at an annual meeting with students and academic staff of the Russian Foreign Ministry’s Diplomatic Academy on Friday.

The minister noted that the United States continued to be a leading power from a purely economic viewpoint. “However, its relative role is declining,” he said. “While the Chinese, Indian economies and the economies of some other countries and regions have been growing rapidly, the US economy is no longer able to compete honestly. That’s what we have seen over the past two or three years.”

Lavrov stressed that Washington’s actions in global economic relations are currently determined by unfair competition. “The World Trade Organization’s principles are being eroded. By the way, it is precisely because of Washington’s stance that the WTO’s Dispute Settlement Body cannot begin its work. The US resorts to procedural tricks in order to keep it in such an uncertain state as long as possible,” he added.

In other media

Read the original article in full at TASS

Article Sourced via TASS

Like this article?

Share on Facebook
Share on Twitter
Share on Linkdin
Share on Pinterest

Leave a comment