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G-20 Trade Ministers See Global Investment Falling Up to 15%

  • Group pledges to increase its efforts to facilitate trade
  • Ministers urge other WTO member nations to approve deals
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G-20 Ministers Warn of 15% Trade Decline

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Global cross-border investment may decline by as much as 15 percent this year as trade remains sluggish, China’s commerce minister said after a Group of 20 trade ministers meeting Sunday.

The G-20 representatives pledged to increase their efforts to facilitate trade and urged other World Trade Organization member nations to do likewise to enable global commerce, Gao Hucheng said at Sunday’s briefing. The ministers had met in China’s financial capital for two days of talks on how to boost investment cooperation before heads of state convene for a Sept. 4-5 leaders summit in the eastern city of Hangzhou.