G20 Pledges Strengthened International Policy Cooperation
G20 finance ministers and central bank governors have issued a joint communiqué, committing to enhance international policy cooperation and sending a signal in support of multilateralism. They emphasized the need to end global trade conflicts soon and called on the U.S. and Europe to reach a fair agreement on tariffs.
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The communiqué highlighted consensus among members on several key areas, including debt relief, climate financing, tax cooperation, and financial stability. These agreements aim to address pressing global economic challenges and foster more coordinated responses.
On trade, the G20’s push for resolving disputes reflects growing concerns about the impact of prolonged trade tensions on global growth. A fair U.S.-EU tariff deal, in particular, is seen as critical to easing market uncertainties.
In terms of debt relief, members acknowledged the need to support vulnerable economies, while climate financing efforts seek to mobilize funds for green transitions. Tax cooperation, meanwhile, targets fairer international tax systems to prevent profit shifting.
The commitments underscore the G20’s role as a key platform for global economic governance. By prioritizing multilateral solutions, the group aims to build a more stable and inclusive international economic environment.
