Home>News Center>World
         
 

G7 tackles free trade, says goodbye Mr Greenspan
(Reuters)
Updated: 2005-12-03 15:20

Britain will try on Saturday to resolve the impasse in world trade talks as finance ministers meet to discuss economic problems and say goodbye to Alan Greenspan, the U.S. central bank chief who retires next month.


Britain's Governor of the Bank of England Mervyn King (L) presents U.S. Federal Reserve Board Chairman Alan Greenspan with a traditional British political despatch box at the Advancing Enterprise Conference and G7 Finance Ministers and Central Bank Governors' Meeting in central London December 2, 2005. [Reuters]

London and Washington both hope the Group of Seven club meeting will inject fresh life into faltering talks on trade liberalisation in the run-up to a Hong Kong meeting of 148 countries in less than two weeks' time.

Britain's Gordon Brown, who is chairing the London meeting, has put much of the blame on other European nations and called for an end to subsidies for farmers in rich countries, which the OECD says total about $280 billion a year.

"There is a chance for progress if countries worried about services and market access can make some concessions and America and Europe can look again at agricultural protectionism," said Brown before the meeting got underway on Friday.

The United States has signaled it is ready to deal. "We have to focus on a spirit of reciprocity," said U.S. Treasury Secretary John Snow after meeting with Brown on Friday.

But G7 officials told Reuters breaking the deadlock still seemed unlikely.

France in particular is already very unhappy about concessions being made on the European Union's behalf in the run-up to the Hong Kong meeting, where much of the focus is on giving developing countries greater access to world markets.

The G7 will meet with Brazil, India, China, South Africa and Russia at the start of their Saturday meeting.

Britain said on Friday it might consider an extraordinary leaders' summit on the issue. U.S. President George W. Bush's office also said such an idea could be considered.

STRIKING THE RIGHT IMBALANCE

The G7 spent Friday's dinner discussing the risks facing the world economy such as huge deficits in the United States, weak growth in Europe where the European Central Bank has just raised interest rates and China keeping its currency too low.

Washington wants Beijing to let its yuan rise against the dollar so as to ease pressure on American exporters but Snow would not comment on a report that said China would revalue by 7.2 percent in the New Year.

But the G7 are unlikely to change significantly their language on foreign exchange rates when they issue their final communique at around 1300 GMT.

Global imbalances have also not gone away and the G7 is likely to repeat their familiar message that each continent has to play its part in reducing them.

At the dinner, Brown also paid tribute to Greenspan, who is stepping down next month after 18 years at the helm of the U.S. Federal Reserve, noting he had attended 55 G7 meetings.

Bank of England Governor Mervyn King presented him a cartoon depicting Greenspan as a goalkeeper saving the world from one economic crisis after another.

"It's another great save but the shots keep on coming," it said.



Entire Crab Nebula under Hubble
AIDS awareness campaign
Saddam trial resumes
 
  Today's Top News     Top World News
 

China sacks environmental minister after toxic spill

 

   
 

US research restrictions spark controversy

 

   
 

Hospital accused of shocking mistreatment

 

   
 

Coal mine flooding in Henan trapps 42 miners

 

   
 

Japan, China to jointly destroy WWII weapons

 

   
 

Bomb kills 10 US Marines, wounds 11 in Iraq

 

   
  Annan to fire U.N. electoral official
   
  Key al-Qaida leader killed in Pakistan
   
  Singapore hangs Australian drug smuggler
   
  G7 tackles free trade, says goodbye Mr Greenspan
   
  Annan feuds with US envoy over UN budget reform
   
  Kidnappers threaten to kill Christian hostages
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 狼群影院www| 免费观看国产网址你懂的| 日本免费看视频| 亚洲精品无码不卡在线播放| 色视频在线观看免费| 国产精品国产三级国产a| 一级欧美一级日韩| 日韩人妻无码一区二区三区久久99| 亚洲精品无码专区在线播放| 老司机亚洲精品影院在线| 国产特级毛片aaaaaa| 99热这里只有精品6免费| 精品亚洲福利一区二区| 国产手机在线播放| 99精品国产在这里白浆| 最近免费中文字幕视频高清在线看 | 日韩欧美卡一卡二卡新区| 亚洲色图狠狠干| 美女无遮挡拍拍拍免费视频| 国产日韩欧美亚欧在线| 91视频第一页| 好男人好资源在线影视官网| 久久99精品久久久久久噜噜 | 日韩一区二区三区免费视频| 亚洲日韩精品国产一区二区三区| 精品久久久无码人妻中文字幕豆芽| 国产内射爽爽大片视频社区在线| 私人影院在线观看| 在线观看毛片网站| √天堂资源在线| 我要看黄色一级毛片| 久久天天躁狠狠躁夜夜躁2014| 欧美另类黑人巨大videos| 亚洲精品国产专区91在线| 精品乱子伦一区二区三区| 国产一区二区三区内射高清| 黄页网站免费在线观看| 国产精品jizz在线观看直播 | 欧洲国产成人精品91铁牛tv| 亚洲欧美日韩综合久久久久| 男女免费观看在线爽爽爽视频|