The Group of 20 called for protection of critical minerals against unilateral trade curbs, an allusion to the trade war this year between the US and China, the world’s two biggest economies.
“We seek to ensure that the value chain of critical minerals can better withstand disruptions whether due to geopolitical tensions, unilateral trade measures inconsistent with WTO Rules, pandemics, or natural disasters and that more producer countries can participate in and benefit from value chains,” according to a proposed draft document seen by Bloomberg News.
Source: www.bloomberg.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein