IMF TRADE

ID

522612

SHOOT DATE

10 Oct 2018

SHOOT LOCATION

Nusa Dua, Bali, Indonesia

DESCRIPTION
Nusa Dua, Bali, Indonesia – October 10, 2018

1. Wide IMF forum on How Global Trade Can Promote Growth for All
2. Mid IMF Managing Director Christine Lagarde talking to panelists at beginning of forum
3. Wide audience
4. SOUNDBITE: (English) Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, EU
“Trade wars are stupid. Trade wars are not something easy to win. Trade wars are very difficult to fight and they impoverish everybody. They are a major risk to world growth. This is why we cannot accept protectionism as an issue. We must stick to the multilateral order. Of course, we must fix it.”
4. Wide panel
5. SOUNDBITE: (English) Roberto Azevedo, Director-General, World Trade Organization
“Trade expansion, we were expecting this year our first estimate was about 4.4 percent. We already revised it down to 3.9. Next year it was going to be 4. Now we revise it down to 3.7. And I hear it sometimes people saying, ‘Well, all these things are happening but the economy is still good. Of course, it’s still good because the impact is not there yet. There is a delay between the moment that you introduce these measures and when they’re actually affecting the economy. And, I think we may see more of that kind of impact in the future if we don’t do anything about it.”
6. Mid panel
7. SOUNDBITE: (English) Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, EU
“Some say that Europe is the problem. I say that Europe is a solution. Some say that multilateralism is a problem. Multilateralism is a solution. But, to convince from that, we need to have a better Europe and a better multilateralism.”
8. Wide audience
9. Various of trade session meeting with Lagarde, World Bank Jim Yong Kim and other international leaders
SHOTLIST
Nusa Dua, Bali, Indonesia – October 10, 2018

1. Wide IMF forum on How Global Trade Can Promote Growth for All
2. Mid IMF Managing Director Christine Lagarde talking to panelists at beginning of forum
3. Wide audience
4. SOUNDBITE: (English) Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, EU
“Trade wars are stupid. Trade wars are not something easy to win. Trade wars are very difficult to fight and they impoverish everybody. They are a major risk to world growth. This is why we cannot accept protectionism as an issue. We must stick to the multilateral order. Of course, we must fix it.”
4. Wide panel
5. SOUNDBITE: (English) Roberto Azevedo, Director-General, World Trade Organization
“Trade expansion, we were expecting this year our first estimate was about 4.4 percent. We already revised it down to 3.9. Next year it was going to be 4. Now we revise it down to 3.7. And I hear it sometimes people saying, ‘Well, all these things are happening but the economy is still good. Of course, it’s still good because the impact is not there yet. There is a delay between the moment that you introduce these measures and when they’re actually affecting the economy. And, I think we may see more of that kind of impact in the future if we don’t do anything about it.”
6. Mid panel
7. SOUNDBITE: (English) Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, EU
“Some say that Europe is the problem. I say that Europe is a solution. Some say that multilateralism is a problem. Multilateralism is a solution. But, to convince from that, we need to have a better Europe and a better multilateralism.”
8. Wide audience
9. Various of trade session meeting with Lagarde, World Bank Jim Yong Kim and other international leaders
USAGE RIGHTS/RESTRICTIONS
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