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World Economy Economic Organizations

  • MONTERREY, Mexico March 17- Country-specific rules of origin within the North American Free Trade Agreement would be "totally unacceptable," and a U.S. border adjustment tax would likely violate global trade rules, Mexico's economy minister said on Friday. Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify...

  • BADEN BADEN, Germany, March 17- The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, a document showed on Friday, but are likely to struggle to find common ground on trade and financing against climate change. Finance ministers and central bank governors of the world's top 20 economies are meeting in...

  • MONTERREY, Mexico, March 17- Country-specific rules of origin within the North American Free Trade Agreement would be "totally unacceptable," Mexico's Economy Minister Ildefonso Guajardo said on Friday. Under the trilateral trade deal between the United States, Mexico and Canada, rules of origin can specify that products must meet minimum regional content...

  • MONTERREY, Mexico March 17- A border adjustment tax under discussion in the United States would discriminate against imports and likely violate World Trade Organization rules, Mexican Economy Minister Ildefonso Guajardo said on Friday at an event in Monterrey.

  • BADEN BADEN, Germany, March 17- The world's financial leaders will renounce competitive devaluations and warn against exchange rate volatility, but they have not yet found a common stance on trade and protectionism, a draft statement of their meeting in Germany showed on Friday. The finance ministers and central bank governors of the world's 20 largest...

  • The G20 includes Argentina, Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States. Germany, which holds the rotating chair of the G20 this year, has also invited to Baden-Baden as guests Ivory Coast, Morocco, the...

  • BRUSSELS, March 15- The European Commission will propose by the end of the year new rules to cut retail transaction fees for payments in European Union currencies, according to a document seen by Reuters. Transaction charges in the 19- country euro zone are already subject to rules enforcing equal prices for payments within one country and those in other euro...

  • LONDON, March 15- The British government has not carried out an assessment of what effect leaving the European Union without a new trade deal would have on the economy, Brexit minister David Davis said on Wednesday. In the absence of an agreement, trade between Britain and the other 27 EU members would default to World Trade Organisation rules and tariffs, in...

  • OTTAWA, March 14- There is a lot of uncertainty over what direction the United States wants to take on issues such as trade and taxation policy ahead of the upcoming meeting of G20 finance ministers, a senior Canadian finance ministry official said on Tuesday. Canadian Finance Minister Bill Morneau, along with other finance ministers and central bank heads from...

  • WASHINGTON, March 14- The International Monetary Fund on Tuesday called on the Group of 20 major economies to work together to preserve the benefits of trade and avoid protectionism, while also urging them to reduce external imbalances and halt policies that distort global trade. Under pressure from rising protectionist sentiment in many advanced...

  • BRUSSELS/ BERLIN, March 13- European Union finance ministers will tell a G20 meeting this week that they will resist protectionism and that regulation introduced after the 2008 financial crisis must be kept in place. A document prepared by the EU ministers, which appears aimed at the United States, sets out the position of all European delegations to the G20...

  • BRUSSELS, March 13- European Union finance ministers will tell a G20 meeting this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept in place. A document prepared by the EU ministers, which appears aimed at the United States, sets out the position of all European delegations for the G20 gathering of...

  • BERLIN, March 13- Plans to overhaul the U.S. tax code will be debate by G20 finance ministers and central bankers at their meeting in Germany this week, a senior German official said on Monday. Germany wants the meeting March 17-18 in Baden-Baden to focus on strengthening economic resilience, mastering challenges of digitisation and helping African countries,...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BRUSSELS, March 13- European officials will tell the world's financial leaders this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept, a document said in remarks that appeared aimed at the United States. The paper, prepared by European Union finance ministers, sets out the position for all European...

  • BERLIN, March 13- A proposal to overhaul the U.S. tax code that favors exports over imports could have spillover effects to other economies as it would strengthen the dollar, International Monetary Fund chief economist Maurice Obstfeld said on Monday. Asked about the European Central Bank's ultra-loose monetary policy, which some conservative policymakers...

  • Asia's two largest economies China and India are expected to grow by 6.5 percent and 7.2 percent this year whilst sub-Saharan Africa is forecast to expand by 2.8 percent, according to the International Monetary Fund. Two-thirds of its trade with Asia is with six markets; China, India, Japan, Iran, South Korea and Hong Kong. The UAE wants to see free trade agreements...

  • LONDON, March 10- Finance ministers and central bankers from the G20 group of leading industrialized nations meet in Germany next week for the first time since Donald Trump was elected president of the United States. Washington has accused Germany, Japan and China of exploiting exchange rate weakness for competitive advantage over the United States.