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Home / World / According to reports, the G-20's communiqué bill calls for the promotion of free trade

According to reports, the G-20's communiqué bill calls for the promotion of free trade



President Donald Trump during a meeting of the G20 summit in Hamburg on 8 July 2017.

Bernd von Jutrczenka | dpa | Image Alliance | Getty Images

The leaders of the group of the top 20 economies are likely to call for the "promotion of free trade" to achieve strong global growth as they meet for a summit this week, the Japanese newspaper Asahi reported Wednesday.

] In a draft Communication, the G-20 also emphasized the importance of creating a positive cycle of distributing the benefits of solid growth across economies, the Asahi said.

The bitter trade war between the US and China has hampered business sentiment and rocked financial markets, casting a shadow over the two-day G-20 summit to be held Friday in Osaka, western Japan.

Under pressure from US President Donald Trump's administration, the G-20 removed a phrase calling for the need to oppose protectionism at last year's summit meeting in Buenos Aires.

A communique that the G-20 fiscal politicians had signed at their meeting earlier this month also does not contain the language that protect denounced Ionism.

However, some European countries are demanding that the upcoming summit include a voice warning against the spread of protectionist policies, the Asahi said.

Japan, chairman of this year's G20 meeting, seeks a compromise The current draft of a communiqué contains a wording promoting the promotion of free trade, the paper said.

Markets are focused on whether Trump and Chinese President Xi Jinping could point the way to the solution of trade tensions if they are to be on the verge of trading the G-20 summit.


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