Alahednews
english.alahednews.com.lb
Ramadan banner
Lebanese Parliament Term Ends, New Gov’t to Be Formed Germany to Build Deportation Centers for Unwanted Migrants NYT: Trump Afraid Meeting with Kim Will Be ’Political Embarrassment’ After US & Guatemala, Paraguay Opens Embassy in Al-Quds Hawaii’s Kilauea Volcano Lava Flowing into Pacific China, US Call A Ceasefire in Trade Dispute AI Urges IMN to Seek Sheikh Zakzaky’s Justice beyond Nigeria Iran Withstanding Pressures Strongly, Says Claim to Offer New Package another JCPOA Lie US Says Won’t Recognize Venezuela Election Result Venezuela’s Elections: Nicolas Maduro Re-Elected President for Second Term #Iran's #Qassemi: Our presence in #Syria at #Damascus' demand #GreatReturnMarch: 2 Wounded From #Israeli Border Fire Martyred #France: Attack foiled, two Egyptian brothers arrested #NorthKorea Won't Hold Talks With #SouthKorea Unless "Issues Resolved" WHO: #Ebola Outbreak Has Spread To DR #Congo City #Chinese President: #China Supports #NorthKorea Efforts to Develop #Economy #Israel Summons #Turkish Envoy over #Ankara's Treatment of Its Envoy #US Putting Serious Pressure on #Iran #NuclearDeal Participants - #Moscow #UN warns of more #Gaza violence, condemns '#Israel's use of force "#Israeli" Media: Sirens turned on in the area surrounding the #Gaza Strip
Guestbook mailinglist.php arabic site french site spanish site facebook twitter rss page
News Categories » NEWS » Europe » More from Europe

Decrease Font Size Increase Font Size  Print Page
G-20 Leaders Reach Deal on Trade, Struggle on Climate
Local Editor

Leaders of the world's top economic powers reaffirmed their support Saturday for free trade but tempered their statement by acknowledging countries could defend their home companies and markets against unfair practices.

German Chancellor Angela Merkel, Canadian FM Justin Trudeau, US President Donald Trump

The Group of 20 summit came up with compromise language on trade, although officials struggled to find common ground on another contentious issue, fighting climate change.

In the wake of President Donald Trump's decision to leave the Paris climate agreement, the group agreed in a draft statement to "take note" of the US withdrawal while the other 19 reaffirmed support of the Paris deal to limit emissions of greenhouse gases scientist say are behind global warming.

Officials at the summit, who briefed reporters on condition of anonymity because they weren't authorized to discuss the final statement before its release, said that the language had been generally agreed on except for part of the climate section. The draft could still change before its final release later Saturday.

The talks at the two-day summit in Hamburg competed for attention with violent clashes between anti-globalization activists and police.

Climate and trade were two of the most contentious issues, in part due to the assertive stance taken on both by Trump. He has said trade must be fair as well as open and must benefit American companies and workers. He has focused on trade relationships where other countries run large surpluses with the US, meaning they sell more to US consumers than they buy from American companies.

The G-20 typically denounces protectionism, or the use of unfair means to keep out foreign competitors and protect domestic workers and companies. That stance has been kept, but it has been expanded to include references to the use of "legitimate trade defense instruments" when a country is faced with subsidized or otherwise unfair competition from a trade partner. Defensive measures are sometimes allowed under the current global trade rules supervised by the World Trade Organization.

The host, German Chancellor Angela Merkel, said after the first day of meetings Friday that discussions on trade were very difficult and that differences on climate change were clear.

The G-20 comprises Argentina, Australia, Brazil, China, Germany, France, Britain, India, Indonesia, Italy, Japan, Canada, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the US and the European Union. The Netherlands, Norway, Spain, Guinea, Senegal, Singapore and Vietnam are also attending.

Saturday's sessions come after a second night of trouble elsewhere in Hamburg, as rioters set up street barricades, looting supermarkets and attacking police with slingshots and firebombs. Hundreds of officers went into buildings in the Schanzenviertel neighborhood to arrest troublemakers.

Source: News Agencies, Edited by website team

08-07-2017 | 13:49


Name
E-Mail
Comment Title
Comment
Human Verification


News Coverage

Related News

Search
To Top