www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Hangzhou G20

Hopes high for G20 Hangzhou summit to revitalize world trade

(Xinhua) Updated: 2016-08-30 09:24

BEIJING - The upcoming Group of 20 (G20) summit in China will serve as a vital platform for reversing the trend of trade protectionism and giving new impetus to global trade growth, observers have said.

Under China's presidency, G20 trade ministers have met regularly. In an important first step, the G20 members are also leading a push in global investment rule-making.

Urgency?

The G20 summit, scheduled for Sept 4-5 in the eastern Chinese city of Hangzhou, comes at a time when the growth of global trade is lower than that of the global gross domestic product (GDP), which is "indeed rare," said Zhang Yuyan, director of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences.

Experts are at a loss to explain the slowdown in global trade growth. Some have cited the rise of protectionism at a time of economic challenges, while others referred to a slowdown in the expansion of the global value chain as the globalization process plateaus in recent years.

Protectionism, as it often does at times of sluggish economic growth, is on the rise. The World Trade Organization (WTO) in June this year urged the G20 economies to dismantle anti-trade measures, 1,583 of which have been erected at an all-time-high pace, while just 387 have been removed since 2008.

Deborah Elms, executive director of the Asian Trade Center in Singapore, warned that it's time for the G20 "to move forward with a proactive agenda" about trade, and otherwise, the developing economies would suffer more than the developed ones.

Timeliness

China, as the host of the 11th G20 summit this year, has put international trade and investment on the top of the agenda, WTO Deputy Director-General Yi Xiaozhun said.

"This is particularly important since G20 countries account for about 80 percent of global trade," Yi said.

Eight years after the world financial crisis, the global economy and trade haven't shown clear signs of a revival, and the maneuvering room for countries to further implement fiscal and monetary policies is shrinking. However, in the areas of trade and investment, Yi said, space still exists for cooperation and development.

Robert Kahn, senior fellow for international economics at the Council on Foreign Relations in Washington, D.C., said that "in this very difficult environment when people don't feel like trade is helping them," China could play an important leadership role as chair of the G20 summit to help find good ways to resolve these disagreements on trade.

Effectiveness

Since taking the rotating G20 presidency at the end of last year, China has done "considerable amount of work," Zhang said, citing the initiation of the G20 trade and investment working group and the institutionalization of the G20 trade ministers meeting. These efforts are believed to be a good beginning for the upcoming summit.

At the G20 Trade Ministers Meeting held in China's financial hub Shanghai in early July, the G20 members endorsed the G20 strategy for global trade growth, by pledging to lead by example to lower trade costs, harness trade and investment policy coherence, boost trade in services and enhance trade finance.

"Trade and investment should continue to be important engines of global economic growth and development, generating employment, encouraging innovation and contributing to welfare and inclusive growth," the ministers said in a joint statement.

The strategy, once adopted, will largely boost global trade and investment, Yi said.

The G20 members have promised to produce an agreement on trade facilitation by the end of 2016. The agreement is estimated to increase the global trade volume by 1 trillion U.S. dollars each year, and create 21 million new jobs worldwide, including 8 million in developing countries.

Experts are confident that the G20 Hangzhou summit will deliver a desirable cure for the still anemic global economy. Yi said that if the G20 leaders are committed to discussions to boost trade and investment cooperation in accordance with guidelines set out at the G20 meetings, their efforts will pay off in the long term.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: yy6080午夜国产免费福利 | 911国产自产精选 | 全部在线美女网站免费观看 | 在线观看成年人免费视频 | 日本 国产 欧美 | 亚洲最大网站在线 | 国产精品一区二区手机在线观看 | 久久久网久久久久合久久久久 | 成人在线综合 | 成人第一页 | 午夜在线成人 | 亚洲人成在线精品 | 日本加勒比视频 | 国产在线观看第一页 | 亚洲精品国产国语 | 成年人视频免费网站 | 久久精品国产一区二区 | 欧美亚洲不卡 | 国产91在线 | 亚洲 | 日本阿v视频在线观看高清 日本波多野结衣视频 | 国产在线观看一区精品 | 亚洲第一毛片 | 久草综合在线观看 | 欧美日韩一区二区视频图片 | 依人久久 | 亚洲欧美一级久久精品 | 国产一级毛片卡 | 操碰91| 天天拍拍夜夜出水 | 成人免费网站 | 精品久久久久不卡无毒 | 成年男女拍拍拍免费视频 | 欧美很黄视频在线观看 | 九九亚洲 | 亚洲一级视频在线观看 | 久草视频免费看 | 欧美三级超在线视频 | 久久频这里精品香蕉久久 | 欧美多人三级级视频播放 | 亚洲精品亚洲一区二区 | 美女131爽爽爽做爰中文视频 |