roll-back of protectionist measures oor Sjinees
roll-back of protectionist measures
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On trade, the G20 leaders reaffirmed their commitment to not implement protectionist measures affecting trade and investment until the end of 2014, and pledged to roll back any new protectionist measure that may have arisen in recent years.
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"We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism by reaffirming our pledge against protectionism through a standstill commitment that we agreed to extend until the end of 2020 and to roll back protectionist and trade-distorting measures.
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Moreover, on August 10, G20's Business 20 Summit (B20) submitted its Policy Recommendations to the G20 Summit Hangzhou, which suggest measures be taken to "strengthen the multilateral trading system and eliminating new protectionist measures while rolling back existing measures to enable trade growth; ratify the Trade Facilitation Agreement by the end of 2016 and commit to rapid implementation; endorse the concept of the Electronic World Trade Platform (eWTP) to aid e-trade; ease the inclusion of SMEs into global value chains; and enhance the global investment policy environment."
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