G-20 talks trade, finance as Japan readies for Osaka summit

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Trade and economy ministers of the G20 major economies met to discuss ways to reorder trade rules and finances in an era of technological change and protectionism. | AP

Japan, the world’s third-largest economy, is hosting the G-20 for the first time since it was founded in 1999. The venue for the annual financial meeting, Fukuoka, is a thriving regional hub and base for startups.

“With prospects for the resumption of China-U.S. talks unclear, there’s a risk that if this is not resolved trust in world markets will be damaged,” Aso said Saturday. He and other members of President Donald Trump’s administration contend that the ripple effects of the billions of dollars in tariffs imposed by Washington on Chinese exports over the past year are creating new business opportunities for other businesses in the U.S. and other countries.

As is typical of pre-summit gatherings, the G-20 officials were haggling over the wording of a communique to be issued as meetings wrap up Sunday.The communique will be incorporated into proposals to be endorsed by the top leaders in Osaka.

 

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