Axar.az
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
Comments
See also

Condition of officers injured in helicopter crash announced

Helicopter crash's officers were given the status of martyrs

Azerbaijan shares data on number of vaccinated citizens

Azerbaijan confirms 1,703 more COVID-19 cases

Gaddafi's son was allowed to run in the election

Nar introduced renewed store in Gakh

Ilham Aliyev received Aziz Sanjar - Photo

Azerbaijan shares data on number of vaccinated citizens

Bakcell subscribers now can renew "Asan Imza" via SMS

Weather forecast for tomorrow

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