G20 warns of slowing global economy; calls for free, stable trade environment

| | Osaka
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G20 warns of slowing global economy; calls for free, stable trade environment

Sunday, 30 June 2019 | PTI | Osaka

Warning that there are growing risks to the global economy, leaders of the group of 20 major economies Saturday called for a free and stable trade environment and reform of the World Trade Organisation (WTO).

The G20 bloc said it will play a lead role in the global efforts to prevent fight against corruption by denying safe haven to persons sought for corruption and “work more closely” on asset recovery cooperation.

The group also agreed to apply the recently amended Financial Action Task Force (FATF) Standards to virtual assets and related providers for anti-money laundering and countering financing of terrorism.

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