In a Joint statement made by the trade and investment ministers of countries in G20 Summit held in Argentina recently have unanimously put forth emphasis on an urgent need to reforms in WTO. Though any structure or specifics of the reform was not discussed at the recent meeting. This came after Mr Donald Trump laid down tariffs on another 200 billion dollars of Chinese goods. Argentina holds the G20’s rotating presidency this year and is currently re-negotiating a $50 billion stand-by financing deal with the IMF, cutting its fiscal deficit targets and reducing costs to ensure it can continue paying its international debts.
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