At G20 Meet, Defending Free Trade Will Need More Than Talk

Wedged in between the Brexit vote and the U.S. presidential election, leaders of the world’s major economies meet this weekend in China needing to mount a realistic defence of the free trade and globalisation they have long championed.

At stake is the post-World War Two concord on globalisation that proponents say has helped lift so much of the world out of poverty. China, the host of the Group of 20 meeting, has itself been one of the biggest winners from free trade, becoming the world’s leading exporter.

But Britain’s shock vote in June to leave the EU and the rise of protectionist Donald Trump in the United States has shaken that accord ahead of the G20 summit in Hangzhou that starts on Sunday.


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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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