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Economic summit opens amid sluggish growth, trade disputes
State Department officials have declined to elaborate on what the sticking points are preventing a deal, though the USA official said the remaining differences revolved around how the plan would be implemented.
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Pyongyang in the past has tested missiles at sensitive moments to draw attention to its military might.
U.S. President Barack Obama (R) and Secretary-General of the United Nations Ban Ki-moon attend the deposit of instruments of joining the Paris Agreement in Hangzhou, capital city of east China’s Zhejiang Province, Sept. 3, 2016.
Obama says the United States and Russian Federation are working to try to finalize a ceasefire in Syria that would allow more deliveries of humanitarian aid.
The secretary of state declined to reveal what outstanding issues are keeping the USA and Russian Federation from reaching a deal, but one official says Russian Federation balked on several points – delaying an announcement anticipated on Sunday.
The G-20 meeting “must urgently find a solution” to excess steel production, said Jean-Claude Juncker. Republican presidential candidate Donald Trump, who supports protectionist trade policies, has pulled into an effective tie with Democratic rival Hillary Clinton, erasing a substantial deficit. “Obviously it has something to do with the refugee question”.
“This makes us believe that the tense atmosphere between China and the U.S. can be partly attributed to the western media, which often makes a fuss over trifling issues”, it added.
HANGZHOU, China (AP) Chinese President Xi Jinping called Sunday for leaders of the United States, Germany and other major economies to resist pressure to raise trade barriers as they opened a summit amid sluggish global growth and disputes over China’s steel exports and Apple’s Irish tax bill.
Xi added the two sides should strengthen cooperation in industrial capacity, finance, people’s livelihood, environmental protection and infrastructure, and coordinate and cooperate closely in global and regional affairs.
The UK’s recently-appointed Prime Minister Theresa May insisted that her country will succeed outside the European Union and become a “global leader in free trade”.
“This discussion goes to the heart of how we build an economy that works for everyone”.
Firstly, he said, G20 members should strengthen their coordination in macroeconomic policies, jointly promote growth and safeguard financial stability.
Erdogan said it was important for the US and Turkey to “embrace a common attitude against terrorism”.
Egyptian economists and businessmen stressed on Sunday that the G20 summit being held in the eastern Chinese city of Hangzhou will help Egypt attract more investments to revive its ailing economy.
The summit was frequently overshadowed by other concerns and got off to a rocky start Saturday when there was no staircase at the airport for Obama to exit his plane.
US and Russian military officials have been meeting for weeks to try and work out the terms of the deal.
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In response, Mr Obama has urged the media not to “over-crank the significance”.