Finance chiefs from the Group of 20 advanced and emerging economies expressed caution about risks posed by protectionist policies on their first day of talks in Buenos Aires on Monday.
The talks came amid concerns about a potential global trade war as the United States prepares to impose steep tariffs on steel and aluminum imports later this week.
“Members voiced concern about inward-looking policies,” Japanese Vice Finance Minister Minoru Kihara told reporters.
“A certain direction or details” to fight protectionism are expected to be incorporated in a joint statement to be released after the two-day meeting concludes on Tuesday, Kihara said.
On the global economic outlook, the G-20 finance ministers and central bank governors agreed that the world economy continues to recover.
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