G20 trade agenda welcomed by industry leaders

A pro-trade agenda set out by G20 leaders after their Hangzhou Summit in China has been welcomed by leading trade figures. While there were few concrete details revealed in the official communique, the world’s 20 most powerful nations aligned to slam protectionism, to call for inclusive growth and to use innovation to spur trade growth, as opposed to a fiscal stimulus. Furthermore, China agreed to work with its trading partners to arrest volatility in the steel sector, where China’s oversupply has flooded global markets and led to accusations over dumping, bringing a number of lawsuits to the WTO. Calling for a global forum on steel at the OECD, the statement, […]

Theresa May Pushes For New Trade Relations At G-20 Summit Post Brexit

Following Britain’s decision to leave the European Union, Prime Minister Theresa said Sunday that she intends to seize new trading opportunities for the post-Brexit Britain. During the ongoing Group of 20 summit in Hangzhou, China, May met U.S. President Barack Obama where both leaders reaffirmed that the “special relationship” between the U.S. and U.K. would not be affected by Britain’s decision to leave the EU. However, Obama maintained that the U.K. would have to wait for fresh negotiations for trade relations between the two countries as the U.S.’s current focus was to finish trade deals with Asia-Pacific and the European Union. Meanwhile, he said Britain was “figuring out what Brexit means […]