CLEAN : Spain's Escolano at G-20: Protectionism is a historical error

The video discusses the importance of maintaining confidence in multilateral trade systems, highlighting the historical error of protectionism. It emphasizes resolving trade disputes through the World Trade Organization rather than unilateral measures. The potential risks of cryptoassets to financial stability are acknowledged, with a call for active monitoring. Progress in trade negotiations between the European Union and Mercosur is noted, with optimism about overcoming remaining obstacles and reaching an agreement.

What is the speaker's stance on resolving trade disputes?

• Through unilateral measures

• Within the framework of the World Trade Organization

• Through bilateral agreements only

• By ignoring them

Why does the speaker believe the multilateral order is important?

• It has taken many years to establish and maintains international trust

• It was established quickly and easily

• It helps resolve disputes unilaterally

• It allows for more protectionism

What is the speaker's view on crypto-assets?

• They are a major risk to financial stability

• They should be ignored

• They should be banned

• They are not currently a risk but require active monitoring

What is the current status of the EU-Mercosur negotiations according to the speaker?

• They are only in the initial stages

• They have stalled completely

• They are progressing with a mutual desire to reach an agreement

• They have been abandoned

What is the main obstacle in the EU-Mercosur negotiations?

• Technical issues with trade agreements

• Remaining obstacles that both parties are willing to overcome

• Lack of interest from both parties

• Disagreements over crypto-assets