Decisions of the G20, to discuss in Shanghai world trade, will help to stabilize the macroeconomy. Our country should take them on Board, the Director of the Department of trade negotiations Ministry of economic development of Russia Maxim Medvedkov.
“Russia believes that trading the “group of twenty” during the presidency of China worked more than successful. Despite the difficult economic situation and the difficult political situation, recommendations which, if implemented — and we hope that a significant part of this happens, will lead to a gradual stabilization of the situation in the world economy and a return to the usual for us growth”, — he said.
According to officials, accordingly to the Russian Federation it will be also a plus. “And given our dependence on global markets, if these markets will develop in the right direction, and will be easier for us,” added the official.
Medvedkov recalled that many discussions in the trade twenty University are educational in nature, as countries exchange best practices of regulation in different areas. “Today was a great debate among Ministers on the value chain. On the very specific examples are coconut oil, iPhones Ministers told how they attract either investors, or logistics, or inventors, or people who are engaged in short-term financing transactions, in order to develop their place in these chains across the region or across the whole world”, — quotes “Prime”.
Yesterday in Shanghai ended the work of the Ministerial G20. The forum participants endorsed the strategy of growth in global trade, which will increase global GDP by 2% by 2018. In addition, recommendations were developed for the global investment policy. The Ministers also acknowledged the dominant role of the WTO in global trade.
In the field of trade in the world for the fifth year there is a growth below 3% — its weakest for the last 30 years. The slowdown in trade dynamics, along with the collapse of oil prices and capital flight from emerging markets, experts believe the main causes of the slowdown in the economy of the planet.
