G-20 Leaders Underscore Free, Fair, Non-Discriminatory Trade

Politics Economy

By Hiroki Kosuge

Osaka, June 29 (Jiji Press)--The leaders from the Group of 20 advanced and emerging economies underscored on Saturday the significance of free, fair and non-discriminatory trade, while failing again to send out a united message to fight protectionism.

"We strive to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and to keep our markets open," the leaders said in a joint declaration adopted on the day to wrap up their meeting held in the western Japan city of Osaka for two days from Friday.

The leaders failed to include in the G-20 Osaka Leaders' Declaration wording showing their pledge to fight protectionism, due to strong opposition from the United States, which is waging a fierce trade battle with China. The G-20 summit declaration failed to express a commitment to fight protectionism for the second straight year.

The declaration warned that growth of the world economy "remains low and risks remain tilted to the downside."

[Copyright The Jiji Press, Ltd.]

Jiji Press