G20 leaders: Backing multilateral trading system ‘important as ever’

Support for the multilateral trading system is “now as important as ever,” leaders from the world’s largest economies said this weekend at the conclusion of a virtual G20 summit. A joint declaration was issued on Sunday after a two-day meeting hosted by Saudi Arabia. Italy was handed the G20 presidency at the summit’s conclusion. The G20 economies represent roughly 80 percent of global trade. The 12-page declaration includes sections on trade and investment, digital economy and international taxation. “Supporting the...