G20 ministers to seek trade increase at Mexico meeting

G20 economy and trade ministers will meet next week in Mexico to seek a boost in trade as part of efforts to tackle Europe's debt crisis, Mexican officials said Thursday. G20 economy and trade ministers will meet next week in Mexico to seek a boost in trade as part of efforts to tackle Europe's debt crisis, Mexican officials said Thursday. The Group of 20 is "committed to the opening of markets and a multilateral trade system based on clear and fair rules as the only way out faced with the prevailing economic challenges," said Francisco Rosenzweig, Mexico's deputy secretary for external trade, said in Mexico City. Mexico, which heads the group representing the 20 leading and emerging economies until November 2012, "considers it essential to avoid measures affecting commercial flows which impact negatively on economic growth," Rosenzweig said. Nineteen ministers and six deputy ministers from the G20 and invited nations including Spain, Cambodia, New Zealand and Singapore were due to attend the April 18-20 meeting in the Mexican Pacific resort of Puerto Vallarta. The heads of the World Trade Organization (WTO) and the Organization for Economic Co-operation and Development (OECD) are also expected at the event. The immediately follows the World Economic Forum on Latin America, also in Puerto Vallarta, on April 17-18. That meeting, which will seek to promote inter-regional trade, expects some 900 participants from 70 countries, including the presidents of Spain and Guatemala. Both meetings come ahead of a G20 summit in the Pacific resort of Los Cabos, northwest Mexico, in June. Hue Tours Hue Tour Festival Hue Hue Da Nang Da Nang Hoi An Hoi An Hue Du Lich Hue Du Lich Hoi AnDu Lich Da Nang Du Lich Sapa Du Lich Da Lat Du Lich Phu Quoc Du Lich Lao Du Lich Cambodia Du Lich Thai Lan Du Lich Singapore Du Lich Malaysia Du Lich Trung Quoc In regard to the seizure of 21 Vietnamese fishermen, Mr Nghi reiterated that Vietnam asks China to respect the country's stance put forth earlier, including immediately and unconditionally releasing the fishermen and fishing vessels to avoid undermining bilateral ties in the future. Also at the press briefing, the Vietnamese FM spokesperson expressed deep concern about the recent tensions related to the People's Democratic Republic of Korea (DPRK)'s preparation for satellite launch. Mr Nghi said Vietnam pays close attention to this issue and underlines the need to strictly comply with UN Security Council resolutions, particularly resolution 1874 on peace and stability in the region and the world.
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