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Trade tensions threaten global economies
24/7/2018 12:00 AM [rtl]Extensive dialogues of the G20 Capitals / follow-up morning "The increase in trade tensions is a threat to global growth," said G20 finance ministers and central bankers. Finance ministers and central bank governors of the world's largest economies said: "Strong trade and geopolitical tensions are a growing threat to global growth, and they call for greater dialogue to be addressed." The G-20 said in a closing statement after a meeting in the Argentine capital Buenos Aires . The G20 finance ministers, who met earlier this week in Buenos Aires, stressed "the need to strengthen dialogue and action to reduce risk and enhance confidence." Extra fee was the European Commissioner for Economic Affairs, Pierre Moscovece, he said earlier that " the European Union will respond to any new threats related to the imposition of additional new fees from the American presidency, where he angered the European Union as a result of the imposition of customs duties on the wills of aluminum and steel. Argentine Economy Minister Nicolas Duchovny said the G-20 was not at odds over trade tensions, which he said "should be resolved directly between governments or through the World Trade Organization. " We are trying to build bridges, and we believe that our targeting is misplaced, and we have to deal with the United States as "allies" and not as enemies. " extraordinary measures for its part , urged the head of the international Monetary Fund Christen Lagarde, the need to find solutions to trade conflicts through international cooperation without resorting to the special procedures. confirmed Lagarde, again the risks and effects The negativity imposed by trade protectionism policies on the global economy. At a news conference, Lagarde pointed to expectations about global GDP, amid tensions over the United States imposing heavy tariffs on many foreign imports . Customs duties said: " The IMF has analyzed the supposed consequences of such trade restrictions and customs duties, stressing that" everything indicates "that global GDP will be affected negatively." The Executive Director noted that UNFPA was working "with interested parties" to study the consequences of tariff procedures. The International Monetary Fund (IMF) recently predicted that global GDP growth would fall by 0.5 percent by 2020 if all tariffs that are threatened are applied. Free trading US Treasury Secretary Stephen Menochin on Saturday called on the EU and China to respect "free, fair and reciprocal trade". It is noteworthy that a group of countries in the world are experiencing trade tensions because of the imposition of customs duties on exports from each other, as is the case between China and the United States and European countries. The Group of 20 (G20) was founded in 1999 and consists of finance ministers and central bank governors. The group aims to bring together the economic systems of developing countries and industrialized countries that are important and organized to discuss key issues related to the global economy. The Group's inaugural meeting was held in December 1999 in Berlin and was hosted by Canadian and German finance ministers . G20 consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom and the United States). The EU is the 20th member of the group, represented by the rotating council presidency and the European Central Bank.[/rtl] http://www.alsabaah.iq/ArticleShow.aspx?ID=160485 |
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