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International trade issues to be first priority for G20 summit

Argentina will host this year's G20 summit from November 30 to December 1. (Image source: @g20org) Photograph:( Twitter )

Reuters Buenos Aires, Argentina Nov 30, 2018, 02.29 PM (IST)

Experts believe international trade issues will be the first priority for the upcoming Group of 20 (G20) Summit in Argentina and expressed their expectations of China.

The G20 meeting, to be held from November 30 to December 1 in Buenos Aires, is themed "Building Consensus for Fair and Sustainable Development." It will focus on issues like global economy, trade and investment, sustainable development, infrastructure and climate change.

As Latin American countries, international organizations and academic institutions were calling on the G20 mechanism to play its role, safeguard multilateralism and try to reach consensus on key issues, experts believe international trade issues will be an important topic in the meeting.

An expert from Brazil hopes all the countries could find solutions via dialogue.

"No government can solve problems with approaches to domestic problems, because such approaches will possibly hurt all countries in the chain of global economic system. We should understand that the current world economy is highly interconnected and interdependent. Not a single country can exist in isolation. No government or leader should think that problems can be solved by closing the door," said Alexandre Uehara, professor of international relations of the University of Sao Paulo.

Besides, Argentine politicians expressed expectations of China.

"We have high expectations of not only the bilateral relations between Argentina and China, but also China's participation in the G20 summit. This is because under the current international economic conditions, China has a great say and also a great potential for economic development. Besides, it is a main trading partner of Argentina," said Francisco Javier Quintana, secretary-general of the national council of the Republican Proposal Party of Argentina.

 

Story highlights

The G20 meeting, to be held from November 30 to December 1 in Buenos Aires, is themed "Building Consensus for Fair and Sustainable Development." It will focus on issues like global economy, trade and investment, sustainable development, infrastructure and climate change.