Fidelity bank banner UBA banner
G20 commits to open global economy amid slowdown

By News Express on 10/07/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,139

Trade ministers from G20 countries have committed to an open global economy during a meeting in China, pledging to improve trade governance with the aim of combating a slowdown in growth.

In a joint statement released at the conclusion of the Trade Ministers Meeting in Shanghai on Sunday, they agreed to push efforts toward trade liberalisation and facilitation.

Turkey was represented at the gathering by Economy Minister Nihat Zeybekci, who stressed during a speech Saturday that peace and security were crucial to achieving trade growth and increased investments.

Sunday’s statement, which referred to the focus placed on investment and trade promotion during last year’s G20 summit in Antalya, also noted that efforts would be undertaken regarding the contribution of migrants in trade and the economy – a matter that had been raised by Turkey.

During the two-day meeting in China, the ministers endorsed the G20 Strategy for Global Trade Growth that called on members to lower trade costs, harness trade and investment policy coherence, boost trade in services and enhance trade finance, Chinese state news agency Xinhua reported.

The ministerial-level meeting was hosted in advance of the 2016 G20 Summit set to be held in the eastern city of Hangzhou on Sept. 4 and 5. (Anadolu Agency)

•Photo shows G20 leaders during a summit.

Source News Express

Posted 10/07/2016 9:27:05 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
Funmi Iyanda goes on London stage for ‘Oya...

2019: Ex-councillors drum support for Ugwuanyi’s re-election

Buhari departs for Gambia, Mali

Group condemns DSS’ continued detention of Imo rights...

2014 World Cup: Super Eagles look set to...

CBN amends guidelines on Transaction Switching

NGO flays UN call for abortion for Boko...

NIDO America and NIDO USA Executive Committees dissolved...

Over 12,000 Nigerians face deportation from Germany

Airtel commissions Model Express Showroom in Abuja

10 American sailors reported missing after missile destroyer...

Buhari leaves for UNGA73 tomorrow


Latest News Anambra monarch, wife die in quick succession Atiku releases ‘policy document’, promises to create three million jobs each year 4 INEC workers, NYSC member, 3-year-old die in Kogi accident Evans: Police hid me from Falana in a toilet University professor, employee kidnapped 2019 campaigns: Ezekwesili makes history, declares self the best 2019 Presidency: Jukuns endorse Atiku FG commends Zinox commitment to local content adoption Tambuwal now PDP Sokoto governorship candidate N800bn subsidy debt: Oil marketers send SOS message to FG I have forgiven those who plotted to impeach me — Ortom FEPSAN commends FG’s ban of NPF fertilizers


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (422,042 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,440 views) Shameless Genevieve Nnaji exposes breasts in public (323,492 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,946 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,510 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,649 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,348 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,906 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,181 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,744 views) Lagos plane crash: Journalist releases victims’ names (165,315 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,169 views)


Zenith Zero Balance First Bank chat banking


Categories Advertorials (3) African Press Organisation (81) Art & Literature (74) Business & Economy (3,800) Business Verdict (54) Columnists (964) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (568) Features (670) Global Business Monitor (310) International (2,695) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (38) News (40,644) Opinion (1,144) Pidgin (13) Politics (7,787) Religion (901) Sports (1,780) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera