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G20 to be held this week in the US Can it play a role in global economic stability? | NHK News

2019-10-14T21:19:22.181Z

G20 = Finance Ministers and Central Bank Governors Meeting in 20 major countries will be held this week in the United States. Following the US-China trade friction, the United States and EU = Europe ...



G20 to be held this week in the US Can it play a role in global economic stability? Oct. 15 6:12

G20 = Finance Ministers and Central Bank Governors Meeting in 20 major countries will be held this week in the United States. Following the US-China trade friction, the United States and the EU = European Union are deepening trade conflicts and becoming a risk for the future, so it seems likely that the G20 will be able to play a role in stabilizing the global economy.

The G20 meeting will be held in Washington for two days from 18th Japan Time, chaired by Deputy Prime Minister and Finance Minister Aso and Governor Kuroda.

In the midst of this meeting, the United States is poised to add taxes on EU-European agricultural products as a retaliation for trade disputes over aircraft.

Trade disputes between the United States and China were the biggest turmoil in the global economy, although last week's negotiations avoided the situation of further escalating conflicts.

At the meeting, we will exchange opinions on the response to the global economy that continues to suffer from such risks, but it is likely that the G20 will be able to play its original role in stabilizing the global economy.

In addition, we will also exchange opinions on a new rule proposal compiled by the OECD = Organization for Economic Co-operation and Development over taxation on huge IT companies that are profiting from data exchange across borders such as Google and Amazon.

Source: nhk

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