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Finance ministers from the Group of Twenty conclude their meeting on the World Trade


yota691
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GMT 7:24 2017 Saturday, March 18 : Last Updated
 
 

Baden: concludes the Group Twenty finance ministers meetings Saturday in Baden Baden Germany where Seetmscon until last minute every word related their positions on global trade, as opposed the views of American counter.

And they will be issued and the finance ministers of the group states their final statement on Saturday afternoon, at least initially.

According to several sources, there is a consensus about the reaffirmation of the positions of some of the issues such as the fight against money laundering and the financing of terrorism and the fight against tax evasion.

But two issues are stirring intense debate both free trade and the environment, and the presence of the new US administration represented at the meeting with the Minister of Treasury Stephen Mnotchen who is participating for the first time in the multi-lateral economic meeting.

Since taking office in January, US President Donald Trump did not hesitate in making declarations about the principle of protectionist stances any positions opposition to free trade agreements and skeptical climate and environmental issues.

The group insists twenty years ago to include final statement condemning each trade protectionism, a signal the United States wants now shot down.

The meeting did not hide between German Chancellor Angela Merkel and Trump Friday obvious differences between them, with the US President said he does not believe in isolationism tendency.

Seeking Germany, which chairs the Group of Twenty this year, to avoid any public rift in the meeting.

But all this is the price haggle over every word in the statement, such as the deletion of the word pluralism of the invitation to international trade, "free and open" only.

He said the European Commissioner for Economic Affairs Pierre Moscovece told AFP that "the tradition of the Group of Twenty spend confirm that free trade and rejecting protectionism."

The climate, which listed last year, when China was the head of the group's cause, you do not want the United States reference to the Paris Agreement signed in 2015 while the cut in the federal budget allocated to combat climate change funds.

European source acknowledged that the US delegation had a "willingness to negotiate" and not running back suddenly to the Group of Twenty.

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