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BERLIN (Reuters) – German Chancellor Angela Merkel on Saturday said global leaders had agreed at the G20 summit in Buenos Aires on the need to reform the world body that regulates international trade disputes. “Everyone is in agreement that the WTO (World Trade Organization) should be reformed. That is an important agreement,” Merkel told reporters. Merkel also said she met with Russian President Vladimir Putin and underscored her concern about recent events in the Kerch Strait, cite of a naval standoff between Russia and Ukraine, adding that all escalation should be avoided hermes h cufflinks uk online.
BUENOS AIRES (Reuters) – Turkish President Tayyip Erdogan told Russian President Vladimir Putin on Saturday he should hold another summit to discuss the situation in Syria’s Idlib province where the two countries are trying to create a sustainable demilitarized zone. Erdogan made the suggestion during a meeting with Putin on the sidelines of the G20 summit hermes h cufflinks uk online. The Syrian government’s ally Russia, and Turkey, which backs Syrian rebels, agreed in September to create a demilitarized zone around the insurgent-held northwestern enclave of Idlib. But exchanges of shelling have been common since then and the first air strikes since the deal hit the area on Nov. 25..
BUENOS AIRES (Reuters) – European officials said that G20 nations had agreed to commit to reforming the World Trade Organization in a preliminary draft of the communique due to be released at the end of a two-day meeting of the bloc on Saturday. An EU official said the language currently being negotiated for the communique said leaders support reforms needed to improve the WTO hermes h cufflinks uk online. The language on multilateral trade had been a sticking point for the United States, which insisted the communique say the multilateral trading system was not working, the official added..
“We reiterate that trade is beneficial for utility, innovation, growth and employment, and we reiterate that the multilateral trading system is the framework in which we are all working and committed,” the official said hermes h cufflinks uk online. “But for the U.S. to acknowledge that, they had to get something in return, which was to say that this multilateral trading system does not work anymore, and does not meet the challenges that it has to meet,” the official added. The officials also said the wording on climate change was “a little bit more than the status quo but not backtracking” and the language around steel was kept to a minimum so leaders could reach an agreement..
BUENOS AIRES (Reuters) – Chinese President Xi Jinping and the leaders of major developing economies condemned protectionism at a G20 summit in Argentina on Friday overshadowed by U.S hermes h cufflinks uk online. President Donald Trump’s threat to escalate tariffs on China. This year’s two-day gathering is a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades. With a rise in nationalist sentiment in many countries, the G20 – which accounts for two-thirds of the world population – faces questions over its ability to deal with trade tensions, which have roiled global markets..