g20 leaders back wto reform despite clear divisions
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

G20 leaders back WTO reform despite clear divisions

Arab Today, arab today

Arab Today, arab today G20 leaders back WTO reform despite clear divisions

World leaders attending the Group of 20
Buenos Aires - DPA

World leaders attending the Group of 20 annual summit in Buenos Aires on Saturday endorsed a "rules-based international order" in a joint final statement which also laid bare stark differences between key powers. 

The leaders pledged to create better jobs, tackle the sources of refugee movements and implement the "necessary reform" of the World Trade Organization (WTO) - a key demand of the United States.

"The system is currently falling short of its objectives and there is room for improvement," the joint statement said on multilateral trade mechanisms. 

"For the first time ever, the G20 recognized that the WTO is currently falling short of meeting its objectives and that it’s in need of reform," a US administration official said after Saturday's statement was issued. 

The document lacked any language against protectionist trade measures. The leaders were also split over climate change and migration.

But for host Argentina, the fact that a deal was reached was a success, given current tensions. The trade stand-off between China and the US meant an Asia-Pacific Economic Cooperation (APEC) summit last month was unable to produce a joint communique for the first time.

However, hours after the summit and following a highly anticipated dinner between US President Donald Trump and Chinise President Xi Jingping, the US and China announced a 90-day ceasefire in their months-long trade war.

The two sides said that tariffs on 200 billion dollars worth of Chinese goods would not be raised on January 1, as Trump had threatened.

However the White House warned that if a deal could not be reached in the 90-day timeframe on issues including forced technology transfer and intellectual property theft, the tariffs would go up.

It said China had also agreed to increase its imports from the US to reduce the trade imbalance between the two countries.

The US has also slapped tariffs on its traditional transatlantic and North American allies since Trump became president. Trump insists they are a reaction to years of unfair treatment and says he can reach better trade deals.

The US president also regularly takes aim at the Geneva-based WTO.

Teams from the G20 members laboured for a week to reach Saturday's agreement between the member states and had to ditch more concrete language on refugees, migration and climate change.

A separate paragraph in the joint leader's statement noted that the US had withdrawn from the 2015 Paris agreement, while other nations said they would continue to work for the deal's "full implementation." 

The US says the Paris deal is "job killing" and Trump has also voiced scepticism about the validity of scientific warnings about climate change. 

Trump cancelled a planned press conference in Buenos Aires, citing the death of former US president George HW Bush.

The summit saw a focus on one-on-one meetings, highlighting how the G20 forum has shifted to a venue offering world leaders a chance to meet, as multilateralism has moved onto the back burner.

The next G20 summit is due to take place in Japan in June. 

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*

g20 leaders back wto reform despite clear divisions g20 leaders back wto reform despite clear divisions

 



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*

g20 leaders back wto reform despite clear divisions g20 leaders back wto reform despite clear divisions

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 16:15 2012 Tuesday ,10 April

We have no relations with al-Qaeda

GMT 13:13 2017 Thursday ,09 March

Artist ahead of her time in preening brand

GMT 19:32 2017 Tuesday ,28 March

6500 tons of butane gas arrive to Zaytiat port

GMT 13:32 2016 Saturday ,13 February

Fresh protests in Athens over pension reforms

GMT 09:08 2018 Monday ,08 January

Senegal vows to hunt down gunmen

GMT 02:22 2017 Saturday ,30 September

December22nd-January20th

GMT 11:35 2016 Wednesday ,05 October

Canadian oil to lose billions in 2016

GMT 02:28 2017 Saturday ,28 January

Jordan’s king visits Moscow today for Syria talks

GMT 08:46 2016 Wednesday ,21 September

Pakistani Christian charged with blasphemy over Mecca snap

GMT 12:36 2014 Friday ,17 October

Estée Lauder buys hip perfume brand Le Labo

GMT 08:47 2017 Friday ,20 January

Iraq's PM met with U.S Commander

GMT 10:44 2017 Tuesday ,07 November

Mammals gave up night life only

GMT 16:23 2017 Sunday ,22 January

Algerian Shibah will launch her new designs soon

GMT 12:10 2017 Saturday ,12 August

Spanish King to Visit Brazil on Monday

GMT 11:57 2017 Sunday ,27 August

Bahrain Press Headlines

GMT 04:42 2016 Friday ,02 December

EgyptAir to host AACO's annual meeting in 2018

GMT 05:42 2017 Friday ,05 May

Angela Merkel arrives in Abu Dhabi

GMT 09:07 2016 Wednesday ,12 October

Pope begs for immediate ceasefire in Syria
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday