Europe has nothing to gain from closing doors to China

The European Union must not rely on protectionist barriers to stem the effects of globalization, EU trade commissioner Peter Mandelson said on Tuesday (14 March).

Instead, the bloc must brace itself for job losses and the collapse of old industries, Mr Mandelson stated during a debate in the European Parliament.

The commissioner also spoke about the problems of tough competition from Asian exporters like China.

But he argued that Europe has nothing to gain from closing i...