2016年CRI G20 Countries Vow Joint Efforts to Spur Growth

 

Chinese Commerce Minister Gao Hucheng says participants at the meeting agreed that the global economic recovery remains¹ sluggish², trade growth is lingering at a low level, and investment flow has yet to recover to pre-crisis levels.

He says G20 countries at the meeting agreed to lead the way in tackling problems facing the world economy and reviving engines for global growth.

Gao says the ministers have pledged closer cooperation under a new trade framework.

"All members have agreed to set up a cooperation framework with seven core pillars - cut trade costs, increase policy coordination³ in trade investment, boost service trade, enhance trade financing, establish a trade outlook indicator⁴, push forward development of E-commerce, and pay attention to trade and cooperation."

The G20 nations account for 85 percent of global trade and 70 percent of global investment.

At the meeting, the officials approved a plan to spur trade growth, and a set of non-binding principles to facilitate cross-border investment ahead of the September G20 summit in Hangzhou.

In an effort to cut trade costs, the ministers agreed to promote the implementation⁵ of the WTO Trade Facilitation Agreement, which has the potential to reduce global trade costs by up to 15 percent.

At the same time, they pledged to provide developing countries with technical assistance to meet this objective.

They also vowed⁶ to build more inclusive and coordinated⁷ global value chains and encourage greater participation⁸ by business in developing counties.

When it comes to the growing level of protectionism since the financial crisis, Gao Hucheng says the countries vowed to commit to their existing pledge halt and even roll-back protectionist measures.

"Following ten rounds of negotiations⁹, the G20 members have reached consensus¹⁰ on nine core principles for global investment policy making. First we should clearly oppose protectionism with regards to global investment. We should also create an open, transparent¹¹ and predictable investment policy environment."

The ministers said they are considering setting up a cooperative platform for dialogue and information sharing on global capacity developments and on policies and support measures taken by governments.

For CRI, this is Niu Honglin.

1 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

2 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

3 coordination   

n.协调，协作

参考例句：

• Gymnastics is a sport that requires a considerable level of coordination.体操是一项需要高协调性的运动。
• The perfect coordination of the dancers and singers added a rhythmic charm to the performance.舞蹈演员和歌手们配合得很好，使演出更具魅力。

4 indicator   

n.指标；指示物，指示者；指示器

参考例句：

• Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
• His left-hand indicator is flashing.他左手边的转向灯正在闪亮。

5 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。

6 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

7 coordinated   

adj.协调的

参考例句：

• The sound has to be coordinated with the picture. 声音必须和画面协调一致。
• The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法

8 participation   

n.参与，参加，分享

参考例句：

• Some of the magic tricks called for audience participation.有些魔术要求有观众的参与。
• The scheme aims to encourage increased participation in sporting activities.这个方案旨在鼓励大众更多地参与体育活动。

9 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

10 consensus   

n.(意见等的)一致，一致同意，共识

参考例句：

• Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗？
• What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么？

11 transparent   

adj.明显的，无疑的；透明的

参考例句：

• The water is so transparent that we can see the fishes swimming.水清澈透明，可以看到鱼儿游来游去。
• The window glass is transparent.窗玻璃是透明的。