Connect with us


G20 Nations Appeal for Constructive Dialogue to Resolve Trade Issues



The G20 Nations appealed for improved dialogue between member nations to defuse worsening trade relations that could critically impact global economies. Finance ministers and central bankers from top 20 economies met in the Argentine capital, Buenos Aires, warning that “mounting trade and geopolitical tensions” could adversely impact the global trade and business. 

It comes at a time when US President Donald Trump’s protectionist plans have irritated key allies including the European Union and Canada and sparked a range of retaliatory actions.

The G20’s communique emphasized “the need to step up dialogue and actions to alleviate risks and improve confidence” amidst concerns of an escalating global trade war.

While the communique did not specify the United States, which is at the center of trade disputes with G20 members like China and the EU, besides other nations. Argentina’s Economy Minister Nicolas Dujovne indicated that the G20 cannot sustain a crack over trade disputes which he said should be directly resolved between the member nations or via the World Trade Organization.

During the 2008 global financial meltdown, the G20 played a decisive role in thwarting an economic catastrophe and saved millions of jobs. However, the Treasury Secretary Steven Mnuchin restated his assertion that the US simply wants “more balanced trade” with other nations.

US businesses have been hit with a variety of countermeasures by China, the EU, Canada and Mexico, including duties on soybean, motorcycles, bourbon and other goods while manufacturing corporations are moaning about rising prices of key supplies, subjected to new US taxes.

More News at EurAsian Times




rafale-jets rafale-jets
Featured3 hours ago

36 More Rafales: France Wants India To Order More Rafale Jets For DRDO To Acquire Aero-Engine Tech?

As Indian netizens have widely celebrated the arrival of 4.5 generation Rafale jets and the Indian media threatening Pakistan and...

dalai-lama dalai-lama
Americas5 hours ago

After Xinjiang, China Pushing Tibetans Into Forced Labour, Re-Education Camps

China is allegedly pushing Tibetans into military-style labour camps similar to the ones in Xinjiang, according to a Reuters report....

Saudi-Israel Saudi-Israel
Featured14 hours ago

Saudi Arabia Fully Supports US’ Efforts To Get Israel, Palestine On Negotiating Table – King Salman

King Salman bin Abdulaziz on Wednesday said that Saudi Arabia supports Washington’s efforts to bring the Palestinian and Israeli sides...

Americas14 hours ago

Pentagon Blew COVID-19 Funds To Buy Military Equipment; ArcelorMittal, Rolls-Royce Awarded Big Contacts

Pentagon blew up $1 billion appropriated for the pandemic by the Congress to finance military equipment including jet engine parts,...

Featured17 hours ago

Afghan Top Negotiator Abdullah Abdullah To Visit Pakistan To Discuss Afghan Peace Process

The top Afghan peace negotiator – Abdullah Abdullah is in talks with the Taliban and could travel to Pakistan next...

s400-russia s400-russia
Featured18 hours ago

British & NATO Jets Jamming The Radars Of Powerful S-400 Systems – Russian Experts

The stealth-hunting S-400 surface-to-air-missiles are the most advanced long and medium-range surface-to-air missile systems currently being operated by Russia, China,...

Featured19 hours ago

US Intelligence Report Confirms That India Punctured Chinese ‘Hyper-Power’ Myth At Doklam

Indian and Chinese PLA soldiers came face to face in Doklam in 2017, the standoff lasted about two months and...

BrahMos-SU-30MKI BrahMos-SU-30MKI
Featured23 hours ago

Su-30 Fighter Jet Crashes During A Training Mission; Pilot Ejects Safely

A Russian Su-30 fighter jet has crashed in Russia’s Tver Region during a planned training flight with pilots managing to...

Featured1 day ago

Indian DRDO Aggressively Working On Indigenous Projects; Gets Lauded For ABHYAS Project

India’s state-run Defence Research and Development Organisation (DRDO) has successfully conducted the test of ABHYAS – High-speed Expendable Aerial Target...

Featured1 day ago

US, UAE Could Sign Deal To Acquire ‘Non-Stealthy’ F-35 Fighter Jets By End Of 2020: Reports

Amid the murmurs that Israel is blocking the possible sale of American F-35 stealth fighter jets to the UAE, new...