Arab Today, arab today g20 trade ministers reaffirm growth commitments
Last Updated : GMT 18:10:32
Arab Today, arab today
Arab Today, arab today

G20 trade ministers reaffirm growth commitments

Arab Today, arab today

Arab Today, arab today G20 trade ministers reaffirm growth commitments

Australian Minister for Trade and Investment Andrew Robb
Sydney - AFP


G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders.
The ministers met in Sydney for the latest round of talks among the world's leading economies, with Australia's Trade Minister Andrew Robb saying all nations were still committed to the Bali agreement struck in December.
Robb said while some G20 members raised concerns about the deal, which streamlines the global flow of goods, "every country there at the meeting did reaffirm their commitment to all nine (elements of the Bali agreement) being completed".
The Bali agreement by the World Trade Organisation's 160 members saw them commit to lowering global trade barriers, with the intention of making it easier for developing countries to trade with the developed world in global markets.
French Trade Minister Fleur Pellerin said the G20 also discussed how free trade was key in driving economic growth amid fiscal consolidation and declining government revenues.
"We focused a lot on free trade being one of the leverages that we can use to boost growth in France ... investment and trade ... are definitely the main aspects of our growth agenda," Pellerin told AFP.
The crash of Malaysia Airlines Flight MH17 on Thursday had threatened to overshadow the summit, with both Australian Prime Minister Tony Abbott and Robb meeting the Russian trade representative on the sidelines of the talks.
Russia's role in the incident has come under scrutiny amid its possible links to the separatists controlling territory in eastern Ukraine where the aircraft had come down in.
"We made requests for Russia to give its unequivocal commitment to facilitate these sorts of immediate objectives" of safe access to the crash site and a binding United Nations' Security Council for an independent investigation, Robb said.
Earlier Saturday, Robb warned that Canberra may consider trade sanctions against Moscow as a result of the crash, which killed 298 people, including 28 Australians, subject to how it "responds, cooperates and is proactive in seeking answers".
Australia, along with several other countries, already has imposed sanctions and travel bans on some Russians and Ukrainians.
- Questions over Putin's G20 visit -
Senior ministers have refused on comment on whether Russian leader Vladimir Putin would be invited to the G20 leaders' summit in Brisbane, Queensland's capital, in November.
Australian Prime Minister Tony Abbott said: "Let's wait and see what will happen, but I can give you this assurance -- Australia is a self-respecting country.
"Visitors to this country are people who have done the right thing by this country and lets hope that's exactly what we would find in the weeks and months ahead."
A small protest in Sydney near the talks called for Putin to be blocked from the leaders' summit, with organiser Pete Shmigel from the Australian Federation of Ukrainian Organisations calling it a "defining moment" for the international community.
Despite the talk of trade sanctions, Robb said the G20 ministers focused on their goal to boost economic growth by an additional 2.0 percent over the next five years -- an agreement the countries' finance ministers signed up to at a meeting in February.
He added that while some countries had put forward ambitious growth agendas during the talks, "there was still quite a lot of room for many countries to take more domestic-related initiatives" to boost their GDP.
Abbott has said said he wants G20 nations to push harder on their growth plans.
Business leaders at a B20 summit this week made a series of recommendations on structural reforms and free trade that could boost global growth by US$3.4 trillion and create millions of jobs.
They included a call for the free flow of goods, services, labour and capital, an effective and transparent regulatory framework, as well as structural reforms that would boost trade and lift infrastructure investment.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today g20 trade ministers reaffirm growth commitments Arab Today, arab today g20 trade ministers reaffirm growth commitments

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today g20 trade ministers reaffirm growth commitments Arab Today, arab today g20 trade ministers reaffirm growth commitments

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday