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       WORLD Next Article: Progress in 26/11 terror case trial expected: Pakistan  
       G20 ministers drop anti-protectionist, climate pledges
 
         Posted on :21:36:10 Mar 18, 2017
   
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       Last edited on:21:36:10 Mar 18, 2017
         Tags: G20 ministers drop anti-protectionist, climat
 
BADEN: Finance ministers from the world's biggest economies today dropped an anti-protectionist pledge and a vow on action against climate change, after Washington refused to sign up to the commitment.
 
After a two-day meeting, ministers from G20 developed and developing nations said they were "working to strengthen the contribution of trade to our economies" but failed to spell out a pledge to reject protectionism in a closing statement.
 
The conspicuous omission came amid a push by US President Donald Trump to pursue an "America First" policy that includes penalising companies that manufacture abroad by heavily taxing their products.
 
Since taking office, he has withdrawn the US from a trans-Pacific free trade pact and attacked export giants China and Germany over their massive trade surplus.
 
His stance has sparked alarm among Washington's trading partners, and led Beijing to issue a stern warning against sparking a trade war.
 
References to action against climate change under the Paris accord were also scrapped from the G20 statement unlike at a previous summit last year.
 
Sources said the US delegation could not commit as they had not been given instruction from Washington to do so at the meeting in the western German spa town of Baden-Baden.
 
The exclusion of climate marked a new setback for environmental action, activists say, after Trump proposed to take the axe to environmental financing.
 
Under his first national budget proposal, he suggested cutting financial resources for the Environmental Protection Agency (EPA) by a third, as well as eliminate contributions linked to the UN climate change programmes.
 
The failure by ministers to agree on trade and climate action was met with dismay by France, whose Finance Minister Michel Sapin said: "I regret that our discussions today were unable to reach a satisfying conclusion."
 
Where the US has threatened foreign manufacturers with steep import taxes, France "rejects all unilateral protectionist measures", Sapin added.
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       WORLD
Next Article: Progress in 26/11 terror case trial expected: Pakistan
 
 
WORLD HEADLINES
Pak actress Nadia Khan accuses Hollywood actor of assaulting her daughter  
Trump admin proposes $800 mn coalition support for Pak  
UN rejects Pak claim that Indian troops targeted UN vehicle near LoC  
Suspected Manchester bomber's father, brother held in Libya  
IS kills five in first suicide attack in Somalia  
Pak hangs two terrorists involved in Peshawar school massacre  
Nepal PM Pushpa Kamal Dahal 'Prachanda' resigns  
'Enemy' will remember Pak's response to aggression: Pak Air Force chief  
'James Bond' star Sir Roger Moore dies at 89  
Pak refutes India's 'claims' of destroying its posts in Nowshera  
S Korea fires at object flying near border with Pyongyang  
Pak presses ICJ for early hearing of Jadhav case  
19 killed, 50 injured in blast at pop concert in UK  
China to block India‚Äôs NSG bid again  
Australia: Indian cabbie hospitalized post racial attack  
Trump, in address to Muslims, urges fight against terror  
Iran fires mortar shells into Pak  
Pak arrests Indian man for not carrying travel documents  
N Korea fires intercontinental ballistic missile  
Trump announces plans to soon visit Egypt  
Pak army to 'Jointly Fight' Jadhav case at ICJ  
China cripples CIA operations, kills informants  
ICJ has given no order on 'consular access': Aziz  
Jadhav case: AG Ashtar to represent Pak at ICJ  
Iran's Rouhani sweeps to second term  
 
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