Global representatives of services industries have joined together to urge governments around the world not to use critical responses to Covid-19 as a cover to introduce unjustifiable protectionist measures further disrupting the global economy.
The Global Services Coalition, which brings together 22 representative services alliances from around the world, expressed solidarity with the work of governments and international institutions to combat the spread of the virus. However, the coalition also called on governments to take a range of critical measures to maintain resilience in the supply of essential services during the crisis.
Miles Celic, Chief Executive Officer, TheCityUK, said,
Countries across the world are rightly implementing measures to protect their people and economies from the Covid-19 crisis. We support these steps, but urge greater coordination in the global economic response. This is a time for united international action.
Once we have moved through the immediate crisis, this approach will help support the rebuilding of the global economy and keep markets open and global trade flowing.