World Trade System Under Pressure as G-20 Opens
(Buenos Aires) — A tense summit of the Group of 20 opened Friday in Buenos Aires with world leaders facing the challenge of forging consensus on increasingly divisive front-burner issues including global trade and climate change.
The G-20, consisting of 20 world-leading nations, was created to coordinate joint responses to the global financial crisis 10 years ago. This year, the annual conference of member countries’ heads of states takes place in a more divided world, overshadowed by the escalating trade war between China and the U.S., the world’s two largest economies, and mounting pressures on the multilateral trading system.
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