“We are not quite ready yet in terms of domestic actions that are required to ratify or at least to commit to ratify within 2016”, Arvind Panagariya, India’s Sherpa (representative) to the G20, said here.
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It was the second time in two weeks that US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov have failed to reach a deal on a ceasefire.
US President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some US allies were “racing to the bottom” with their tax policies.
Russian President Vladimir Putin has told Malcolm Turnbull there must not be a “revolution” in war-ravaged Syria, but a transition that leads to elections.
China, the world’s biggest steel producer, has committed to reducing its production capacity by 100 to 150 million tons by 2020, a pledge Xi repeated Saturday.
India warded off pressure from China and the U.S. at the G20 summit here when the USA and China tried to set 2016 as a deadline to ratify the climate deal after they both ratified the pact and handed over the instruments to the UN.
During his three-day stay in Hangzhou, Obama met with the leaders of China, the United Kingdom, Turkey and Russian Federation – all countries with complicated but integral relationships to the US.
He said the summit will discuss innovation-driven growth and more efficient global economic and financial governance.
“It went well”, Peskov reportedly said.
International Monetary Fund MD Christine Lagarde, speaking after the summit, also said more inclusive growth was a priority in the global economy. The announcements gave momentum to the G20 summit that was scheduled to start the next day in Hangzhou.
China made trade a theme of the gathering in this lakeside city southwest of Shanghai even as it faces complaints a flood of low-priced steel exports are threatening USA and European jobs, fueling demands for trade curbs.
Obama reiterated that such discussions would take a back seat to Washington’s efforts to push the Trans-Pacific Partnership agreement with Asia as well as a broader trade pact with Europe.
Obama said, however, that he wouldn’t comment about “specific investigations that are still live and active”, an apparent reference to the hack of the Democratic National Committee. Instead, he worked to reassure the North Atlantic Treaty Organisation ally the USA would help bring to justice whoever was responsible for plotting the coup.
Hangzhou: Chinese President Xi Jinping offered Japanese Prime Minister Shinzo Abe an olive branch at their first meeting in over a year on Monday, Beijing’s official news agency Xinhua reported.
China agreed to steps toward reducing its politically volatile steel exports but avoided binding commitments, as leaders of major economies ended a summit with a crowded agenda that also included trade, the Koreas and Syria.
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President Barack Obama disembarks from Air Force One upon his arrival at Hangzhou Xiaoshan International Airport on September 3, 2016 in Hangzhou, Zhejiang Province of China.
