|
|
China, Japan, S.Korea call to resist protectionism
|
|
|
|
| Top Stories |
 |
|
|
|
Staff Reporter
The Finance Ministers and central bank Governors of China, Japan and
South Korea on Friday stressed the need to resist "all forms of
protectionism".
They agreed to ensure "an open and rule-based
multilateral trade and investment system" as they met on the sideline of
the 51st annual meeting of the Asian Development Bank (ADB) in the
Philippine capital here.
This comes in the backdrop of US
President Donald Trump's protectionist talk on policies like hiking
tariffs, abandoning the Trans-Pacific Partnership and warning to walk
away from the North American Free Trade Agreement.
The business
leaders discussed current economic developments and potential risk in
financial markets and underlying economic conditions at the meet, Xinhua
news agency reported.
In a joint statement issued at the end of
the trilateral meeting, they called for "remaining vigilant against
downside risks that may threaten the recovery in the global economy".
"We
noted the risks posed by rising trade protectionism,
faster-than-expected tightening in global financial conditions, and
uncertainty of geopolitical tensions," the statement read.
They
stressed on strengthening resilience against external shocks, and agreed
to further enhance communication and coordination among the three Asian
nations.
The finance leaders will next meet in Nadi, Fiji in May 2019.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
