PM leads fight against safe havens at G20

PM leads fight against safe havens at G20

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The G20 leaders on Monday committed to roll back protectionist measures by end-2018 to boost free trade but the Summit, held in the shadow of Britain’s vote to exit the European Union, fell short of taking concrete measures in defence of globalization and against isolationism.

On the concluding day of the two-day summit, Prime Minister Narendra Modi asked fellow G20 leaders to act decisively to eliminate safe havens for economic offenders, unconditionally extradite money launderers and end excessive banking secrecy. In a reference to Pakistan, Modi said “one single nation in South Asia” was spreading terror in the region.

In another of the thematic sessions at the Summit, the PM spoke about India’s support to a trade facilitation agreement (TFA) for services, a move that will help in movement of professionals. In his meeting with UK PM Theresa May, their first after the Brexit vote, Modi said her country’s new visa policy could have a “negative impact on Indian working professionals wishing to visit UK for short term”. May, however, told reporters on the sidelines that she considered the points-based immigration system as “flawed” and will not use it to crackdown on post-Brexit migration from within the European Union (EU). The system was one of the key assurances given by those who campaigned for Britain to leave the EU in the June 23 referendum. Read Full Story >>>

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