G20 Summit declaration: multilateral trading system ‘falling short’ and needs fixing

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Argentina's President Mauricio Macri and the G20 leaders attend the plenary session at the G20 leaders summit in Buenos Aires, Argentina, on December 1, 2018. (REUTERS /G20 handout)
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Saudi Arabia's Crown Prince Mohammed bin Salman, left, and Russian President Vladimir Putin shake hands prior their talks at the G20 summit in Buenos Aires on Dec. 1, 2018. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
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German Chancellor Angela Merkel and US President Donald Trump attend the plenary session at the G20 leaders summit in Buenos Aires on Dec. 1, 2018. (G20 Argentina/Handout via REUTERS)
Updated 02 December 2018
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G20 Summit declaration: multilateral trading system ‘falling short’ and needs fixing

  • Summit declaration stopped short of agreement on the two biggest challenges facing the G20: The future of world trade and climate change
  • US President Donald Trump has taken a stance not shared by most of the other leaders

BUENOS AIRES: The G20 Summit of leaders of the world’s most powerful nations ended in Buenos Aires, the capital of Argentina, with a consensus for “fair and sustainable development through an agenda that is people-centred, inclusive and forward-looking.”

The official leaders’ declaration stressed their common goals in the future of work, infrastructure for development, a sustainable food future and a gender-mainstreaming strategy.

“We have addressed our agenda promoting dialogue and the search for common ground. Building consensus requires the commitment of the society as a whole,” the declaration read.

But it stopped short of agreement on the two biggest challenges facing the G20: The future of world trade and climate change. 

On these issues, US President Donald Trump has taken a stance not shared by most of the other leaders.

The declaration struck a neutral formula on trade, reading: “We welcome the strong global economic growth while recognizing it has been increasingly less synchronized between countries and some of the key risks, including financial vulnerabilities and geopolitical concerns, have partially materialized. We also note current trade issues.”

The declaration sought to reconcile the US position with the majority opinion. “International trade and investment are important engines of growth, productivity, innovation, job creation and development,” it said. “We recognize the contribution that the multilateral trading system has made to that end. The system is currently falling short of its objectives and there is room for improvement,” the declaration added, calling for further reform of the World Trade Organization (WTO).

On climate, the leaders said: “A strong economy and a healthy planet are mutually reinforcing… We recognize the importance of comprehensive adaptation strategies, including investment in infrastructure that is resilient to extreme weather events and disasters.”

They declared the Paris Agreement on Climate Change, which most countries in the world have signed, to be “irreversible.” 

The declaration thanked Argentina for hosting the G20, and the leaders said they look forward to the next scheduled meetings, in Japan next year and Saudi Arabia in 2020.

The Kingdom played a full role in the Buenos Aires summit, with Crown Prince Mohammed bin Salman meeting world leaders of the UK, China, Indonesia and South Africa, among others. 

Saudi Finance Minister Mohammed Al-Jaadan took part in the G20 Investor Forum, organized by the World Bank and held on the sidelines of the main event with a view to promoting long-term sustainable investments.

 


Strasbourg gunman Cherif Chekatt shot dead by police

Updated 14 December 2018
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Strasbourg gunman Cherif Chekatt shot dead by police

  • Chekatt was killed after firing on police officers, who returned fire
  • Reporters near the scene heard three to four gunshots after a huge police operation

LONDON: A gunman on the run since he killed three people at Strasbourg’s popular Christmas market has been shot dead by police.

More than 700 French security forces had been hunting for 29-year-old Cherif Chekatt since the bloodshed on Tuesday night.

Cherif Chekatt was killed in the Neudorf/Meinau area of the city after a police operation was launched around 2100 hrs (2000 GMT) on Thursday about 2 kilometers from where he launched his attack on Tuesday.

Chekatt was killed after firing on police officers, who returned fire, a source said.

Reporters near the scene heard three to four gunshots after a huge police operation with armed forces from the BRI and RAID units. A police helicopter had been circling overhead.

The death toll from Tuesday’s attack rose to three as police on Thursday combed the city in the east of France for a second day and manned checkpoints on the German border.

Police issued a wanted poster in multiple languages for Chekatt, who was the main suspect in the attack and who had been on a watchlist as a potential security threat.

Authorities say the 29-year-old was known to have developed radical religious views while in jail.

Earlier in the day armed and masked police swooped on Strasbourg neighborhoods with elite RAID officers fanning out across three locations in late afternoon, including the area where Chekatt was last seen.

The Paris prosecutor’s office said Chekatt’s parents and two brothers were being held in custody.

Two of his sisters in Paris were also questioned on Thursday and one of their homes was searched, a judicial source said.