UP

G20 summit provides 'breathing room' for German industry

Home page Society
12 Punto 14 Punto 16 Punto 18 Punto

Deals agreed at the G20 summit in Argentina offer export-dependent German industry some “breathing room”, though rising protectionism continues to pose a risk, the head of Germany’s Chambers of Commerce (DIHK) said on Sunday.

Axar.az reports citing Reuters.

China and the United States agreed at the summit to halt additional tariffs for 90 days as they try to prevent their trade war from escalating.

The G20 nations also backed an overhaul of the World Trade Organization (WTO), marking a victory for U.S. President Donald Trump, a vocal critic of the organization that regulates international trade disputes.

DIHK President Eric Schweitzer said an agreement by the leaders of the 20 largest industrialized nations to reform the WTO was the most important outcome of the two-day summit in Buenos Aires.

However, he cautioned that significant challenges remain.

“The G20 summit offered German industry some breathing room,” he said in a statement. “But rising protectionism is not off the table. The differences between the United States and China, in particular, are too great.”

Date
2018.12.02 / 19:18
Author
Axar.az
See also

Hot and dry weather expected in Baku on July 19

New homes handed over to 43 families in Aghdam

Tomorrow weather forecast

Leyla Aliyeva opens nature photo exhibition - Photo

Aliyev and Berdimuhamedov hold a joint dinner

Hot weather may affect sensitive people

Aliyev and Berdimuhamedov visit the Sea Breeze - Photo

Mutvali Shikhlinsky detained for 2 months pending trial

Ukraine updates Russian losses

Atabayeva and Aliyeva visit the Heydar Aliyev Center

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla