G20 must tackle root causes of trade tensions that threaten growth: EU - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Finance ministers and central bank governors of the Group of 20 major economies are to meet in Washington on April 11-12 to discuss the main challenges to the world economy.

The United States and China are engaged in intense negotiations to end a months-long trade war that has rattled global markets. Hopes of a resolution soared after both sides expressed optimism following talks in Beijing last week. “The international community has to tackle the root causes of the ongoing trade tensions by ensuring a level playing field for open and free trade in goods and services, investment and intellectual property rights,” the joint EU statement said.

“We reaffirm our commitment to keep the global economy open as well as rules-based, to support an inclusive multilateral trading system with the World Trade Organization at its center and to keep international economic cooperation on track,” the EU said.

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UK finance minister optimistic over deal with Labour on BrexitTalks between the British government and the main opposition Labour party aimed at breaking the deadlock over Brexit continue, finance minister Philip Hammond said on Saturday, adding he expected to reach 'some form of agreement.'
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