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G20 Leaders Agree on Need for WTO Talks - ASHARQ AL-AWSAT English Archive
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MELBOURNE, Australia, (AP) – Finance chiefs and central bankers from the Group of 20 economies strongly agree on the need to revive stalled world trade talks, Australian Treasurer Peter Costello said Saturday.

“The Doha round has been discussed and (there was) very strong agreement that we will do whatever we can to get that round up and running,” Costello told reporters at a news conference during the G20’s annual meeting. “The Doha round is in the interests of all countries in the world, including developing countries.”

Violent clashes erupted between police and rock- and bottle-throwing demonstrators outside the meeting. No injuries were immediately reported, as skirmishes continued.

Police on horseback and other plainclothes and riot officers were succeeding in keeping protesters out of the plush hotel where U.S. Federal Reserve Chairman Ben Bernanke and top officials from Europe, Asia and Latin America opened two days of talks on global economic issues.

But running skirmishes occurred in the streets nearby, where protesters ripped apart traffic barricades and sprayed slogans on at least one building, Associated Press reporters and photographers at the scene said.

At one place, about 200 demonstrators rained stones, glass bottles and plastic garbage bins down on about one dozen police standing near a police van and truck parked outside the security perimeter, an AP photographer said.

The police ducked behind the vehicles to avoid the barrage, until a contingent of mounted police charged from behind the security fence at the demonstrators, who ran off.

An official police media spokesman declined to say if there were any reports of injuries or arrests, saying the situation was ongoing.

About 3,000 people rallied at a city park around midday Saturday, then marched on the meeting of the Group of 20 finance minister and central bankers. But most of the violence appeared to center around a group of about 200 demonstrators dressed in white coveralls with red bandanas tied around their faces.

The group ran from one location to another near the venue, challenging police before retreating.

The unrest recalled the widespread violence at anti-globalization protests that marred the World Trade Organization’s meeting in Seattle in 1999, and a meeting of the World Economic Forum in Melbourne the following year.

“There is a hardcore militant and violent element among these protesters,” Australian Treasurer Peter Costello, the G-20 meeting’s chairman, told a news conference after the day’s deliberations.

“These are people who want to trash the streets of Melbourne and trash the reputation of Australia,” he said. “We won’t stand for that.”

He said police had been pelted with urine-filled balloons, bottles and other missiles.

Finance mandarins from 19 countries and the European Union, plus top officials of the World Bank and International Monetary Fund attended the talks. Formed in 1999, the G-20 includes the Group of Seven advanced industrial countries and the European Union as well as China, Brazil, India, Russia, South Korea, Argentina, Australia, Indonesia, Mexico, Saudi Arabia, South Africa and Turkey.

Together, the G-20 members represent about 90 percent of the world’s gross national product, 80 percent of the worlds’ trade and two-thirds of its population.

Activists criticized the governments and institutions represented by the G-20 on a wide front, including the Iraq war, the environment and Western capitalist systems.

One speaker, Margarita Windisch, called for the arrest of Paul Wolfowitz, the former U.S. deputy defense secretary who is attending the Melbourne talks as World Bank chief, for his role in the U.S.-led invasion of Iraq in 2003.

“He has got no right to walk the streets any more,” said Windisch, waving a pair of handcuffs, to cheers from the crowd. “We will ask the police to lock up this war criminal.”

During the unrest, a protester sprayed a branch of the ANZ bank with the words: “ANZ is a war profiteer” as another unsuccessfully tried to smash the building’s window. One man briefly sprayed police with a fire hose.

Reform of the IMF, rising interest rates, the Chinese and Japanese currency levels and efforts to economically isolate nuclear-armed North Korea are also likely to come up at the closed-door meetings.

Surging demand for oil and minerals from fast growing economies China and India have benefited commodity powers like Australia, while fanning concerns over the emergence of unstable supplies and market distortions.

IMF chief Roberto De Rato told reporters Saturday that governments have no power to affect the value of major currencies and should leave that task to markets.

“The markets are the ones who fix the value of the most important currencies and governments won’t be able to affect that,” de Rato said.

A group representing major international mining companies, the Energy and Minerals Business Council, is due to address G-20 delegates Saturday — the first time a business group has had direct access to the forum.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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