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G20 said to call for free trade promotion, but refrain to mention protectionism

Japan’s Ashai newspaper reported that G20 leaders would include “promotion of free trade” in the joint communique to be released as the summit in Osaka ends on June 29. The communique will emphasize free trade as as the core element of global growth, along with technological innovation such as economic digitization .

There are calls from Europe and other countries, for stronger languages against protectionism. However, the group will likely avoid the terms like “resisting protectionism” due to disagreement from US. Instead, Japan is opting for something in the middle as “promotion of free trade”.

Full Ashai report here.

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