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Concluding the Doha Round is the agenda Australian Minister for Trade Dr Craig Emerson is pursuing at the World Economic Forum’s Annual Meeting in Switzerland. The meeting, running from 26-30 January in Davos-Klosters, will be attended by politicians from the G20 and other key countries—including more than 30 heads of state and government, the chairs [...]
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Days of the US dollar dominating global currency reserves are numbered, according to World Bank president Robert Zoellick. “The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” said Zoellick. “Looking forward, there will increasingly be other options to the dollar.” He also criticised the world’s [...]
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Prime Minister Kevin Rudd yesterday addressed the United Nations to suggest that inclusive collaboration such as the G20 could be used to solve global crises such as the recent economic downturn. Critical of the UN for its inability to respond to the crisis, Rudd said by comparison the G20 governments “have rallied to reduce the [...]
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World Bank president Robert Zoellick has encouraged members of the Group of 20 nations (G20) to increase aid to the world’s poorest countries, citing an $11.6 billion gap in funding during the current downturn. “People should not be misled about reports we may be starting a recovery,” he said, adding there was “real concern that [...]
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Next week’s G20 meeting must address the global financial system to ensure the world won’t experience a repeat of the collapse that led to the current downturn. Finance ministers and central bankers from the Group of 20 developed and developing nations will meet on September 4 and 5 in London to discuss and develop ways [...]
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The USA has decided to extend its dairy export subsidies by another year, despite strong objections from other nations, including Australia. Australian Minister for Agriculture Tony Burke expressed disappointment at the decision. Currently touring the US, Burke met with US Trade Representative Ron Kirk earlier this week and spoke with Secretary of Agriculture Tom Vilsack [...]
...read moreThe Government has announced it will support student scholarships to broaden cultural understanding between Australia and Asia, one of only nine ideas from last year’s G20 summit that have received public backing so far. More than 1,000 Australians gathered in Canberra last year to be part of the Australian 2020 Summit, designed to shape the [...]
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