ICC and World Bank hail G20 leaders

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18 November 2008

Following the meeting of the G20 in Washington DC the leaders of both the International Chamber of Commerce and World Bank have issued statements reflecting on the discussions.

Following the meeting of the G20 in Washington DC the leaders of both the ICC and World Bank have issued statements reflecting on the discussions.

In a statement from Saturday's summit on financial markets and the world economy, the G20 leaders said: "We underscore the critical importance of rejecting protectionism and not turning inward in times of financial uncertainty. In this regard, within the next 12 months, we will refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing World Trade Organization (WTO) inconsistent measures to stimulate exports. Further, we shall strive to reach agreement this year on modalities that leads to a successful conclusion to the WTO's Doha Development Agenda with an ambitious and balanced outcome. We instruct our Trade...

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