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AL24 News
G20 Finance Ministers' Meeting on Trade Tensions
The G20 finance ministers' meeting hosted by the United States focused on boosting economic growth, relaxing regulatory constraints, and addressing trade imbalances. The discussions also emphasized the impact of the war in the Middle East, fluctuating energy supplies, rising prices, as well as the economic sanctions on Iran and the trade wars. The U.S. Treasury Secretary warned countries against engaging with Iran and threatened to cut off its access to the Western financial system. The G20 was established in 1997-1998 with the goal of promoting global financial stability and includes 19 countries, along with the European Union and the African Union.
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