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G20 to explore long-term growth potential: Xi
“At the Antalya summit, we persistently told all leaders that we could solve the migrant crisis by setting up a safe zone. now at this summit too, we have brought up this issue with all our friends”, Erdogan said on Monday.
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The global economy is projected to expand just 3% this year as its traditional engines of trade and investment sputter. An EU panel ruled the company’s low taxes were improper government aid.
“In Ukraine, we need to continue the Minsk process and address current bottlenecks including the implementation of the special status, the security situation and the lack of trust between the parties”, Hollande said.
Beijing promised in January to reduce steel production capacity by 100 to 150 million tons by 2020. USA officials blame Russian intelligence for a hack on the Democratic National Committee that resulted in a leak of emails damaging to its presidential nominee Hillary Clinton.
Another key issue at the meeting was Britain’s vote to leave the 28-nation European Union trade bloc, seen by some analysts as the first in a wave of moves by governments to withdraw from free trade.
There were chaotic and embarrassing scenes at the Hangzhou International Airport on Saturday as Obama touched down for his last meeting as President with his Chinese Counterpart Xi Jinping.
“We all agree to lead as an example in implementing the agreement”, Xi added. For example, the country faces criticism from the US and Europe over the flood of steel and other raw materials it has unleashed on global markets. He said previous tax orders have affected European companies, including a January ruling that covered 35 companies, a lot of them from Europe. The United States called the launch reckless, while Japanese Prime Minister Shinzo Abe told U.S. President Barack Obama that it was unforgivable.
British Prime Minister Theresa May, attending her first G20 summit, said governments needed to “do more to ensure that working people really benefit from the opportunities created by free trade”.
Significant sticking points remain in the negotiations over creation of an unlikely U.S.
Obama didn’t detail the trouble spots, although he suggested the US has concerns about Russian Federation holding up its end of the bargain and enforcing the terms.
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The White House wants to determine whether the Minsk ceasefire can be implemented beforeObama leaves office in January, or whether economic sanctions on Russian Federation will need to be extended, the official said.