G-20 Leaders Back Multilateral Trade, WTO Reform
(Buenos Aires) — Leaders of the Group of 20 industrialized countries (G-20) agreed the global trading system needs improvement, including reform of the World Trade Organization, but stayed mute on protectionism following their latest meeting in Argentina.
The statement at the end of their meeting came against the backdrop of an ongoing trade war between the U.S. and China, which saw positive signs as the two countries agreed after the meeting to postpone threatened additional tariffs and try to hammer out their own comprehensive bilateral deal within 90 days.
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