The G-20 stresses in its final statement the need for a free and fair global trade policy

The G-20 stresses in its final statement the need for a free and fair global trade policy



29-06-2019 04:47 PM

Baghdad

The final communique of the G-20 summit in Japan emphasized the need for a "free" and "fair" global trade policy without using the term "protectionism".

All G20 members signed the final communique of the leaders' summit, which ended on Saturday in Osaka, Japan.

The closing statement warned of a decline in global "economic growth" and increased trade and geopolitical tensions. The statement did not address trade disputes between the United States, China and other countries.

He noted that more work is needed to meet the challenges posed by e-commerce and artificial intelligence.

He explained that risks related to trade and investment would continue to be assessed and that steps would be taken to eliminate them.

"We strive to keep our markets open and establish a free, fair, non-discriminatory, transparent, predictable and stable trading and investment environment."

The leaders pledged to support the necessary reforms of the World Trade Organization and to establish "equal conditions" in this regard at the global level.

On the other hand, Japanese Prime Minister Shinzo Abe said at a press conference at the end of the summit that leaders had found common ground on climate change, although there were "significant differences of opinion" among members.

Abe stressed that G20 leaders "agreed that member states should lead global economic growth."

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