GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home International

G20 Finance Ministers Drop Anti-Protectionist Pledge

March 18, 2017
in International
Share on FacebookShare on Twitter

Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the US.

You Might Also Like

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

Protests Held As Fire Anger Increases

G20 ministers left the two-day meeting without renewing their long-standing pledge to bolster free trade.

Last year, the group of the world’s 20 largest economies vowed to “resist all forms of protectionism”.

But since then, President Donald Trump has taken office, and is aggressively pursuing an “America First” policy.

His policies includes penalties for companies which manufacture their products abroad.

The comminque, which was published at the end of the meeting in Baden-Baden with the agreement of all attending delegates, also failed to include a vow on climate change.

Mr Trump has already promised to slash environmental funding.

However, it did include pledges on a determination to fight tax avoidance, clamp down on terrorist financing and strengthen private investment in Africa.

Reaching an impasse: Joe Miller, BBC News, Baden-Baden

It started so well. With the sun shining in the German spa town of Baden-Baden, the first annual meeting of the G20 got under way with a reassurance from the US Treasury secretary Steve Mnuchin that the White House was not interested in instigating international trade wars.

The combined efforts of Germany, and nascent free-trade champions China, it was thought, would temper some of Washington’s threats of imposing punishing border tariffs and renegotiating long-standing trade agreements.

But two days later, the communique approved by all the assembled finance ministers was published without a commitment to bolster free trade and dropped a pledge to “resist all forms of protectionism” from the previous year’s document.

German Finance Minister Wolfgang Schauble said the meeting had reached an impasse when it came to the issue, and added that his counterparts could not “force partners” – read the United States – “to go along with wording with which they don’t agree”.

Mr Schauble insisted that there had been “a lot of goodwill” at the meeting, but whether that goodwill extends to the future trade relationship with the world’s largest economy is now very much in doubt.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: africaamericaassembled finance ministersBadenBaden BadenBBCBrokerage ServicesbusinesschinaDonald TrumpeconomyFinance Ministerfinance ministersG20germanyJoe MillerLocalismNewspaper & Magazine Printing ServicespoliticsPolitics of the United StatespresidentProtectionismsecretarySteve MnuchinSteven MnuchinTrade policyUnited StatesUS TreasurywashingtonWhite HouseWolfgang Schauble

Related News

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

by
April 6, 2020
0

Boris Johnson has been moved to intensive care after his condition worsened, Downing Street has said. The prime minister was...

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

by
June 25, 2019
0

Daniel Desmond Amofah, a.k.a. Etika, a popular gaming vlogger with more than 800,000 YouTube followers and son of the Ghanaian...

Protests Held As Fire Anger Increases

by
June 16, 2017
0

Protests were held in London as residents demanded support for those affected by the Grenfell Tower fire. Between 50 and...

US Destroyer Collides With Merchant Vessel Near Japan

by
June 16, 2017
0

The US Navy has requested help from the Japanese coastguard. A US Navy destroyer has collided with a merchant vessel...

Next Post

Ghana Among Countries With Highest 'bounced' US Visa Applications

GHC398m Worth of Taxes Scrapped

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com