World leaders conclude climate agreement on G20, US does not participate
At the G20 summit in Japan, world leaders today signed a climate agreement with the exception of the United States. According to diplomats, government leaders will not be able to come to a joint statement on issues such as climate, trade, and migration.
‘The text has been adopted on climate’, as was said in the entourage of French President Emmanuel Macron shortly before the final session of the G20.
Nineteen countries, including China, Germany, and France, confirm in the 19 + 1 agreement their support for the Paris climate agreement signed in 2015 and from which the US withdrew in 2017. It was closed on Saturday morning after lengthy negotiations that were hampered by the US’s attempt to block a final declaration such as that of the G20 of 2017 in Hamburg and of 2018 in Buenos Aires.
In recent days, diplomats have mentioned the possibility of large emerging countries abandoning and joining the US position. But the nineteen countries ‘all reaffirmed their support for the Paris Agreement’, stressed the Elysée.
The last time the G20 leaders broke up without a final statement was in 2008. On the other hand, there is a chance that the US and China will come to a “historic” trade agreement. That is what the American president Donald Trump stated before the meeting with Chinese president Xi Jinping on the fringes of the G20 summit in Osaka, Japan.
“Fair deal”
“We were very close and something happened and it stopped a little,” Trump said, referring to the previous negotiations. “It would be historic if we could make a fair deal.”
Xi then stated that cooperation is better than confrontation. “China and the US both win in cooperation and lose in confrontation,” said the president.
Huawei
American president Donald Trump has said that American companies are allowed to continue supplying the Chinese telecommunications company Huawei. ” We send and sell a huge amount of production to Huawei that is incorporated into the various things that they make, and I said that’s okay, that we’ll keep selling that production,” Trump said.
No higher import rates for China
Trump also confirmed that he will not “temporarily” increase import tariffs for China, as talks between the two sides will resume. Trump said that the thread of the negotiations will be picked up where he was broken off earlier this year. He also said that China will import more agricultural goods from the United States.
The two largest economies have been waging a bitter trade war for a year, slowing the economic growth of both countries and damaging the world economy. The resumption of negotiations will temporarily reassure investors and markets worldwide.
