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The Latest Breaking News from G20

Goyal at G20: India opposes making MFN conditional on WTO obligations

Union Minister Piyush Goyal represented India at the G20 Trade Ministers' Meeting, emphasizing the importance of the Most-Favoured-Nation principle. He stated that equal trading terms are essential for both large and small traders. Goyal expressed India's commitment to addressing trade distortions through WTO-compliant measures and preserving developing countries' policy space…

The Economic Times · 2h ago

G7 members will release 100 million barrels of diesel after US threatens export ban

Members of the Group of Seven bloc of highly industrialised economies on Friday agreed to release 100 million barrels of diesel and crude oil from their reserves over four months, averting a potential US ban on diesel exports. The European Union had earlier pushed back against Washington's threat, with an…

France 24 · 7h ago

Piyush Goyal says India does not have structural excess manufacturing capacity

Piyush Goyal said India does not have structural excess manufacturing capacity in sectors identified by the G20, arguing that Indian production caters to both domestic and global demand. Speaking at the G20 Trade Ministers' Meeting in the US, Goyal also stressed WTO rules, supply-chain diversification, forced labour concerns and the…

The Economic Times · 10h ago

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US wants European allies to do this 'immediately' to lower diesel prices

The US has urged European allies to release strategic diesel reserves immediately as global fuel prices surge amid supply disruptions linked to the Iran war. Washington is also considering a diesel export ban, putting pressure on France and Germany to tap stockpiles. US diesel prices have climbed more than 70%…

The Economic Times · 15h ago

G20 trade ministers deadlocked over industrial overcapacity, says US trade chief

G20 trade ministers failed to agree on tackling excess industrial capacity and eliminating forced labour from supply chains, US Trade Representative Jamieson Greer said Thursday. Speaking during talks in Milwaukee, Greer highlighted overcapacity, a criticism often directed at China, which rejects it. The United States holds this year's rotating presidency.

France 24 · 17h ago

G20 trade ministers deadlock on excess capacity, forced labour as US seeks tougher rules

G20 trade ministers met in Milwaukee but failed to reach an agreement on overproduction of goods. The Trump administration accused various countries, especially China, of flooding markets, affecting competition. Tensions between the US and Canada escalated after new tariffs were imposed, raising concerns about trade relations. Discussions on forced labor…

The Economic Times · 17h ago

US presses Europe to release diesel reserves 'immediately' as Trump threatens export ban

The United States on Thursday urged European allies to release strategic diesel reserves immediately to curb prices driven higher by the US war on Iran. EU states will discuss a coordinated response on Friday, as Washington increases pressure following US President Donald Trump's suggestion that he could ban US diesel…

France 24 · 20h ago

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G20 trade talks yield little progress while tensions simmer

G20 trade ministers have failed to agree on curbing the flooding of global markets with overproduced, underpriced goods

The Independent UK · 20h ago

India-US trade deal 'not imminent' as 'sticking points' stay, USTR Greer says

US Trade Representative Jamieson Greer said the Trump administration is working with India to finalise a bilateral trade deal, but an agreement is not imminent. Greer said he had a “very constructive conversation” with Commerce Minister Piyush Goyal at the G20 trade ministers meeting and that officials remain engaged.

The Economic Times · 23h ago

Piyush Goyal meets EU Trade Commissioner, discusses progress on signing FTA

In a significant meeting, Commerce Minister Piyush Goyal engaged with European Trade Commissioner Maros Sefcovic to review the status of the India-EU Free Trade Agreement. Following discussions at the G20 Trade Ministers' gathering, they emphasized the anticipated signing of this agreement by year-end, which seeks to boost market access and…

The Economic Times · Oct 1

India-US trade deal: Productive discussion with USTR Greer on early conclusion of interim agreement, says Piyush Goyal

Commerce Minister Piyush Goyal engaged in talks with US Trade Representative Jamieson Greer for a trade agreement. Their discussion occurred during the G-20 Trade Ministers' meeting in Milwaukee, where they addressed bilateral trade issues. Prime Minister Narendra Modi also spoke with the US President to discuss cooperation in various sectors.…

The Economic Times · Oct 1

US Trade Representative Greer jokes Piyush Goyal is 'trade minister for life' as G20 trade talks open in Milwaukee

US Trade Representative Jamieson Greer opened a two-day G20 trade ministers' meeting in Milwaukee addressing key issues. During the event, Greer emphasized the need to rethink global trade governance and identified four pressing priorities. Union Commerce and Industry Minister Piyush Goyal participated actively, promoting India's position on trade agreements alongside…

The Economic Times · Oct 1

Piyush Goyal calls for clear distinction between food supply ‘weaponisation’ and food-security measures

Piyush Goyal addressed the G20 Trade Ministers' meeting, focusing on the distinction in food supply chain strategies. He emphasized the need to differentiate coercive actions from legitimate food security measures. US Trade Representative Jamieson Greer discussed the implications of food weaponization and structural excess capacity in global markets. Greer also…

The Economic Times · Oct 1

Greer urges G20 to back Trump tariff agenda, takes aim at China

US Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tackle industrial overcapacity and reassess the existing tariff system. Greer highlighted concerns regarding China's industrial policies contributing to excess capacity in global markets. Discussions among G20 members included potential…

The Economic Times · Oct 1

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France 24 · Sep 30

Trump’s tariffs loom over talks as G20 meets in US

Trade ministers of the Group of 20 are meeting in Milwaukee for two days of talks on Wednesday, but US President Donald Trump’s tariffs are expected to hang heavy over the talks. "Don't expect any breakthroughs," an analyst watching the event said.

The Economic Times · Sep 30

US to factor trade-deal tariff caps into new duties on excess capacity

US Trade Representative Jamieson Greer emphasized the administration's focus on tariff caps during ongoing investigations. Excess industrial capacity, especially in China, remains a key concern for the US government. Greer indicated that trade agreements play a significant role in managing these issues effectively. The Group of 20 is also addressing…

The Economic Times · Sep 28

Piyush Goyal to visit US from Sept 29 to Oct 5, attend G20 Trade Ministers meeting

Commerce and Industry Minister Piyush Goyal will visit the United States from September 29 to October 5 and participate in the G20 Trade Ministers meeting, the Commerce Ministry said. The visit comes as India continues engagement with the US on trade and economic issues, with Goyal set to hold official…

Fortune · Sep 28

U.K.'s AI lead calls for countries to ‘harden and build defenses’ in response to AI risks

After warnings of an extinction-level event, Kaniskha Narayan, minister for artificial intelligence, wants the U.K. to take a lead on addressing the technology's threats.

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The Economic Times · Sep 27

India, Canada preparing to take ties to 'higher level': EAM Jaishankar

India and Canada are planning to enhance their relationship through productive discussions and upcoming high-level meetings. Canadian Prime Minister Mark Carney mentioned progress in trade negotiations, aiming to boost bilateral trade significantly. External Affairs Minister S Jaishankar emphasized the importance of cooperation between the two nations during a recent UN…

The Independent UK · Sep 27

Nepal’s flooding disaster set to pile billions onto its national debt

IN FOCUS: Exclusive: New analysis shows how climate disasters are sending the national debt of countries soaring, as campaigners warn much more must be done to compensate vulnerable countries that have done little to cause the climate crisis. Nick Ferris reports

The Times of India · Sep 25

Trump-Xi bonhomie set to continue, leaders announce two more meetings

US President Donald Trump and Chinese President Xi Jinping have agreed to meet in November and December. They will hold talks in China and at the G20 summit in Miami. These meetings aim to strengthen the relationship between the two largest economies. However, their recent discussions did not result in…

The Conversation · Sep 25

Trump-XI summit aims to head off an AI arms race

The onging summit between Donald Trump and Xi Jinping has been billed as a “high-stakes” meeting which the US president says will have a major focus on artificial intelligence (AI).

The Conversation · Sep 24

G20 needs a new approach to tackle the changing world order

In December, the UK will take over the G20 presidency from the United States. The world is a remarkably different place since the UK last hosted the G20 in 2009. Back then, it led a collective response to the 2008 financial crash, mobilising more than US$1 trillion (£740 billion) to…

The Guardian - UK · Sep 24

Leaders join push to create UN body to tackle ‘awful reality’ of inequality

Body would be modelled on climate panel and recognise inequality as a global challenge threatening world security

Euronews · Sep 24

EU vows to condemn Russia at G20 summit, regardless of Putin's attendance

The United States has formally invited Vladimir Putin to attend the G20 summit in Miami. But the European Union says its approach will not change and will condemn Russia's war on Ukraine regardless.

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