G20 To Set Up Forum To Combat World Oversupply: EU Diplomat

Faizan Hashmi Published September 05, 2016 | 02:35 PM

G20 to set up forum to combat world oversupply: EU diplomat

HANGZHOU, China, (APP - UrduPoint / Pakistan Point News -5th Sep,2016) - The Group of 20 leading economies will set up a global forum to combat world industrial oversupply, a senior European Union diplomat said Monday at a summit in China.

The final communique will say that "measures like subsidies are a root cause of market distortions" and a forum will be set up "to monitor the process" of cutting overcapacity, the official told AFP.

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