Britain is trying to rally the G20 against unfair trade practices

Texas News Today

FILE PHOTO: UK Secretary of State for International Trade Anne-Marie Trevelyan speaks at the Conservative Party’s annual meeting on October 3, 2021 in Manchester, UK. Reuters / Phil Noble / FILE PHOTO

11 October 2021

LONDON (Reuters) – British Trade Minister Anne-Marie Trevelyan will bring her G20 counterpart on Tuesday to put an end to market-distorting practices and mobilize behind WTO reform. work on it.

Trevelyan, who took over as a cabinet reshuffle last month, will resume where his predecessor Liz Truss was interrupted. Britain claims a fair competition for international trade as it seeks to open up a new role after Brexit.

In a statement ahead of the G20 trade ministers meeting in Italy, “We cannot and will not allow British companies operating by regulations to be damaged and vulnerable by practices that distort the markets of other countries.” . Hmm. “

“Today’s conference is a great opportunity to bring G20 partners together to build partnerships that will help protect the global trading system and bring it into the 21st century.”

After years of arguing that the freedom to enter free trade agreements outside the EU is one of the main benefits of Brexit, the government has repeatedly called for a modernization of the world trade rulebook.

Trevelyan would “harm and distort” industrial subsidies. It is a criticism that his department has been choosing China in the first place. China is a member of the G20 and some are expected to benefit from WTO rules that treat it as a developing country.

Italy’s prime minister said on Friday he was confident the G20 summit in late October would reach a strong commitment to reform the WTO.

(Reporting by William James, edited by Costas Pitas)

Britain is trying to rally the G20 against unfair trade practices

Source link Britain is trying to rally the G20 against unfair trade practices

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