The leaders of the World Trade Organisation, the International Monetary Fund and the World Bank urged G-20 leaders today (6 July) to reinvigorate trade by reducing trade barriers and curbing trade-distorting subsidies while simultaneously seeking better policies to support workers who have lost their jobs.
In a statement released ahead of the G-20 leaders’ summit in Hamburg, WTO director-general Roberto Azevêdo, IMF managing director Christine Lagarde and World Bank president Jim Yong Kim stressed that the economic wellbeing of billions of people depended on trade and that deeper trade integration coupled with supportive domestic policies could help boost incomes and accelerate global growth.
