{"id":11627,"date":"2017-03-20T16:28:00","date_gmt":"2017-03-20T15:28:00","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11627"},"modified":"2017-03-20T16:28:00","modified_gmt":"2017-03-20T15:28:00","slug":"g20-finance-ministers-drop-anti-protectionist-pledge","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/g20-finance-ministers-drop-anti-protectionist-pledge\/","title":{"rendered":"G20 Finance Ministers Drop Anti-Protectionist Pledge"},"content":{"rendered":"

Finance ministers fromworld\u2019s biggest economies have dropped an anti-protectionist commitment afteropposition from the US.<\/p>\n

G20 ministers left thetwo-day meeting without renewing their long-standing pledge to bolster freetrade.<\/p>\n

Last year, the groupof the world\u2019s 20 largest economies vowed to \u201cresist all forms ofprotectionism\u201d.<\/p>\n

But since then,President Donald Trump has taken office, and is aggressively pursuing an\u201cAmerica First\u201d policy.<\/p>\n

His policies includepenalties for companies which manufacture their products abroad.<\/p>\n

Speaking after themeeting ended, US Treasury Secretary Steve Mnuchin said he would not read toomuch into his country\u2019s desire to change the language behind the comminique, as\u201cwhat was as in the past\u201d releases was \u201cnot relevant\u201d.<\/p>\n

Mr. Mnuchin added hehad been \u201cvery clear that we do believe in free trade but we believe inbalanced trade\u201d.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The communique, whichwas published at the end of the meeting in Baden-Baden with the agreement ofall attending delegates, also failed to include a vow on climate change.<\/p>\n

Mr. Trump has alreadypromised to slash environmental funding.<\/p>\n

The exclusion of thetwo issues in the communique was disappointing, French Finance Minister MichelSapin said.<\/p>\n

\u201cI regret that ourdiscussions today were unable to reach a satisfying conclusion on twoabsolutely essential priorities that our world and which France would haveliked to see the G20 continue to take firm and concerted action on.\u201d<\/p>\n

However, it didinclude pledges on a determination to fight tax avoidance, clamp down onterrorist financing and strengthen private investment in Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance ministers fromworld\u2019s biggest economies have dropped an anti-protectionist commitment afteropposition from the US. G20 ministers left thetwo-day meeting without renewing their long-standing pledge to bolster freetrade. Last year, the groupof the world\u2019s 20 largest economies vowed to \u201cresist all forms ofprotectionism\u201d. But since then,President Donald Trump has taken office, and is aggressively pursuing an\u201cAmerica …<\/p>\n","protected":false},"author":11,"featured_media":11493,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1649],"coauthors":[2392,2393],"class_list":["post-11627","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-finance"],"yoast_head":"\nG20 Finance Ministers Drop Anti-Protectionist Pledge - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/g20-finance-ministers-drop-anti-protectionist-pledge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G20 Finance Ministers Drop Anti-Protectionist Pledge - National Wire\" \/>\n<meta property=\"og:description\" content=\"Finance ministers fromworld\u2019s biggest economies have dropped an anti-protectionist commitment afteropposition from the US. G20 ministers left thetwo-day meeting without renewing their long-standing pledge to bolster freetrade. Last year, the groupof the world\u2019s 20 largest economies vowed to \u201cresist all forms ofprotectionism\u201d. 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