“The historical language was not relevant,” he told journalists after the gathering of finance ministers and central bankers in Baden Baden, western Germany. After a two-day meeting, ministers from G20 developed and emerging nations said they were “working to strengthen the contribution of trade to our economies” but failed to spell out a pledge to reject protectionism in a closing statement. The G20 has in the past pledged support to the existing multilateral trade system, including the World Trade Organisation (WTO).

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