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Facilitate the ratification of the global trade agreement later this year
9/20/2016 0:00
[rtl]Resulting from the recent top twenty
Beijing / Mtabahabbah
reinforced the Group of Twenty which concluded in Medinhhangcho China summit feeling that the traditional practice in trade and investment development engines can revive it , but fulfilled the obligations in this matter thoroughly, States should take concrete action.
In order to stimulate growth engines , members of the group approved the facilitation oftrade by the end of 2016 agreement and pledged to use the new working Group on trade and investment newly created to identify new methods will help stimulate thegrowth of world trade and investment promotion policy format.
the Group of twenty is a forum that includes both Australia and the European Union and Argentina Brazil and Saudi Arabia, China, Germany, Mexico and the United Kingdom, India and the United States, Japan, Indonesia, Italy, Turkey, South Africa, Russia, France, Canada and South Korea. During the assembly the two - day leaders of themember states agreed at the Group of Twenty, which represents 80 percent of world trade, to formulate a strategy for the growth of world trade and the guiding principles for making investment policies Alaalmih.oama what has been the implementation of the two policies effectively, will have great importance for global growth at a time free trade and globalization is facing a large number of Alakabbat.ozkrt statistics from the World trade Organization that the global trade growth has slowed from more than seven percent on average each year between 1990 and 2008 to less than three percent between 2009 and 2015. Last year was the fourth consecutive year in which global trade has less than GDP growth for the world growth. With the continuing trend extends landing has increased protectionism. Since October of 2008 , members of the World Trade Organization countries recorded in 2800 made a restraining trade, 75 percent of which is still in force until now.
At a time when policies have set the path of progress will not be for them avail if themembers of the Group of Twenty has not taken concrete action, Pledges must Tnfz.oukal Liu Qi Chen , an analyst at Zhongyang Institute for fiscal Studies , the people 's University of China: «the direction and path legally set and everything is now on how the states determine how to implement these policies».
Liu pointed out that protectionism will remain a major obstacle, as the paragraphs of themanuals of the Group of twenty is not binding , although many countries have put apriority short - term interests before the wider international economy.
and promote China 's efforts in this regard being the country that holds the rotating presidency of the Group of twenty and the second largest economy in the world.
on the world stage, China and the United States held the eighth round of the twenty -talks Treaty bilateral investment in Beijing last month , with both sides exchanging offers «negative list» new order to achieve the common goal was to establish non -discriminatory , transparent environment and investment environment open through negotiations.
in a further step the government announced the creation of seven new areas of trade Aharh.oukd held the first free trade zone in China in Shanghai in 2013 and set up three other areas in different parts of the country in 2014.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=123284[/rtl]
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