G-20 backed trade body reform ahead of Trump, Xi talks
BUENOS AIRES (Reuters).- Global leaders backed an overhaul of the world body that regulates international trade disputes at a summit on Saturday, delegates said, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. A consensus appeared to be emerging at the two-day gathering of the Group of 20 industrialized economies for a joint statement that would back reforms to the crisis-stricken World Trade Organization amid growing global trade tensions, according to officials from the European Union and summit host Argentina. "We reiterate that the multilateral trading system is the framework in which we are all working and committed," an EU official said, referring to the language of a draft statement.
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