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 trade and investment


Saudi Arabia Says It Will Increase U.S. Trade and Investment by 600 Billion

NYT > Middle East

Crown Prince Mohammed bin Salman of Saudi Arabia told President Trump on Wednesday that the kingdom intends to increase its investment and trade with the United States by at least 600 billion over the next four years, according to the official Saudi Press Agency. The crown prince, the de facto leader of Saudi Arabia, told Mr. Trump that his new administration had the ability to create "unprecedented economic prosperity" in the United States, and that the kingdom wanted to participate, a statement from the Saudi Press Agency said. There was no immediate confirmation of the call from the White House. Mr. Trump has promised to accelerate investment in the United States, particularly to help revive manufacturing. While campaigning last year, he said he would use a mix of tax cuts and tariffs to force companies to invest in the United States.


With six months to go until G20 summit in Osaka, Japan sets out its agenda

The Japan Times

OSAKA - With six months to go until the Group of 20 summit in Osaka, the basic agenda has been set for discussion on issues of global importance. But with the G20 process increasingly seen as failing and many leaders likely to arrive in Osaka with severe domestic political problems at home, what will come out of the summit in terms of new agreements to cooperate on issues ranging from climate change to sustainable development to strengthening multilateral free trade and investment is increasingly unclear. On Dec. 1, as the G20 leaders' summit in Buenos Aires closed, Prime Minster Shinzo Abe outlined the agenda of what will be discussed when the leaders meet on June 28 and 29 in Osaka. "At the G20 Osaka Summit, I will set our goal to materialize a free, open, and inclusive and sustainable future society and promote efforts to this end, through our development efforts centered on the sustainable development goals and contributions to addressing global issues, along with driving the world economy through the promotion of free trade and innovation as well as simultaneously achieving economic growth and inequality correction," Abe told the other leaders. Technological innovation, especially in artificial intelligence and robotics, is another area that Japan will ask world leaders to discuss, along with infrastructure development and global health care.