The UK wants a G20 rally against unfair trade practices by Reuters

-Reuters file photo: Anne-Marie Trevelyan, Britain’s foreign trade minister, speaks at the annual Conservative Party conference in Manchester, Britain, on October 3, 2021. Reuters / Phil Nobel / File photo

LONDON (Reuters) – British Commerce Secretary Anne-Marie Trevelyan will press her G20 counterpart on Tuesday, calling what she called a rally behind market-distorted practices and WTO reforms.

Trevelian, who took over a ministry reshuffle last month, will choose where his predecessor, Liz Truss, left off: arguing for a level playing field in international trade as Britain seeks to create a new role next to Brexit.

“We will not allow British businesses, which are playing by the rules, to suffer and distort the market from other countries,” he said in a statement ahead of a meeting of G20 trade ministers in Italy.

“Today’s meeting is a great opportunity for our G20 partners to come together and build alliances that can protect the global trade system and help bring it into the twenty-first century.”

After spending many years arguing that Brexit would be one of the main advantages of a free trade agreement outside the European Union, the government has repeatedly called for the modernization of global trade rules.

Trevelyan will hit “harmful and distorted” industry subsidies – a criticism his department has previously used to single out China. China is a G20 member and some have seen it benefit from WTO rules that see it as a developing economy.

The Italian prime minister said on Friday that he was confident that a meeting of G20 leaders at the end of October would reach a firm commitment to WTO reform.

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by market makers rather than exchanges, and so prices may not be accurate and may differ from actual market prices, meaning prices are not indicative and suitable for trading purposes. Therefore, Fusion Media is not responsible for any of your trading losses as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not assume any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with trading in the financial markets, this is one of the potential risky investment forms.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button