The following op-ed by ICC Chairman Terry McGraw was published by Reuters yesterday.
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Violent street protests against globalization and capitalism have become part of the contemporary scene. Cities that host major international meetings now know from experience how many riot police and clean-up crews they need to mobilize.
Calling on the European Commission to push for greater liberalization of air transport, the International Chamber of Commerce (ICC) has said European airlines' proposal for a Transatlantic Common Aviation Area offered a practical way forward.
Unless policymakers, including the WTO, hold their ground in favour of free trade, the global trading system will be captured by "third way" forces that will regulate the life out of the world economy.