{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Opening ceremony for the G20 Trade and Commerce Ministerial Meeting' data-url='/boclips/videos/5c54bed1d8eafeecae13e861' data-video-url='/boclips/videos/5c54bed1d8eafeecae13e861' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nOpening ceremony for the G20 Trade and Commerce Ministerial Meeting\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of hotel where G20 Trade Ministerial Meeting is taking place2. Mid of G20 sign3. Various of Spain''s Trade Minister Jaime Garcia-Legaz speaking to reporters4. SOUNDBITE (Spanish) Jaime Garcia-Legaz, Spainish Trade Minister:\"This...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of hotel where G20 Trade Ministerial Meeting is taking place\u003cbr/\u003e2. Mid of G20 sign\u003cbr/\u003e3. Various of Spain''s Trade Minister Jaime Garcia-Legaz speaking to reporters\u003cbr/\u003e4. SOUNDBITE (Spanish) Jaime Garcia-Legaz, Spainish Trade Minister:\u003cbr/\u003e\"This decision is clearly against the principles the G20 was founded upon. The G20 is a forum that promotes free trade, market economies and this decision is a protectionist decision that breaks judicial safety and breaks the free market laws and therefore it goes against the pillars of the G20.\"\u003cbr/\u003e5. Various of  meeting\u003cbr/\u003e6. SOUNDBITE: (English) Martin Senn, CEO Zurich Financial Services, Co-Chair of the World Economic Forum on Latin America:\u003cbr/\u003e\"Though the G20 has underlined its commitment to combat protectionism, businesses notes with concern that measures that restrict trade and investment continue to be imposed. Furthermore, recent analysis shows the emergence of a new generation of non-tariffs barriers, that are more difficult to identify and to deal with.\"\u003cbr/\u003e7. Various of meeting\u003cbr/\u003e8. SOUNDBITE: (English) Michael Zarin, Director of Vestas Group Government Relations, Green Growth Task Force Representative:\u003cbr/\u003e\"Tariff and non-tariff barriers such as local content requirements slow down the adoption of green technologies, reduce competition, decrease innovation and raise prices.\"\u003cbr/\u003e9. Wide of meeting\u003cbr/\u003eSpain''s trade Minister Jaime Garcia-Legaz used a G20 meeting on Thursday to criticise Argentina''s decision to nationalise 51 percent of a largely Spanish-owned oil company.\u003cbr/\u003eBut the Argentine government has showed no signs of backing down from expropriating Spanish company Repsol''s controlling stake in Argentina''s formerly state-owned energy company.\u003cbr/\u003eArgentine officials have suggested that Argentina won''t pay anywhere near the 10.5 (b) billion US dollars sought by Repsol-YPF SA for its stake and that the company might not see any money at all before years of battles in international courts, if then. \u003cbr/\u003eRepsol shares have tumbled 17 percent this week, and Standard and Poor''s downgraded the company''s stock on Thursday to one step above junk.\u003cbr/\u003eArgentina''s Senate is fast-tracking the expropriation measure, with only a handful of lawmakers opposed ahead of a floor vote next Wednesday. \u003cbr/\u003eSome opposition members complained it seemed hastily prepared, but said they would vote for it anyway.\u003cbr/\u003eOn Thursday the Spanish Trade Minister spoke to the media after a conference of the G20 Trade Ministerial Meeting taking place in Puerto Vallarta in Mexico''s western state of Jalisco. \u003cbr/\u003eGarcia-Legaz said Argentina''s decision goes against the spirit of the G20.\u003cbr/\u003e\"The G20 is a forum that promotes free trade, market economy and this decision is a protectionist decision that breaks judicial safety and breaks the free market laws and therefore it goes against the pillars of the G20,\" said Garcia-Legaz.\u003cbr/\u003eGarcia-Legaz said governments in Latin America are worried about Argentina''s decision to nationalise YPF.\u003cbr/\u003eHe added investors are worried such measures could be implemented by other governments in the region, and this could discourage financiers from investing in Latin America. \u003cbr/\u003eGarcia-Legaz said he hoped the rift between both countries could be settled in the future, but it said it had caused \"an important deterioration of the relations\" between Argentina and Spain.\u003cbr/\u003eG20 Trade ministers and economic leaders are discussing economic issues, trade and green growth during the two day meeting in Puerto Vallarta.\u003cbr/\u003eMinisters and private sector representatives discussed a series of recommendations to be issued to G20 leaders ahead of the G20 Summit to take place in Los Cabos, Mexico in June.\u003cbr/\u003eThe group called for market openness and to avoid protectionist measures.\u003cbr/\u003eMartin Senn, CEO Zurich Financial Services, Co-Chair of the World Economic Forum on Latin America, called the G20 member countries to make trade and investment permanent issues in its agenda, and urged them to avoid protectionist measures.\u003cbr/\u003e\"Businesses note with concern that measures that restrict trade and investment continue to be imposed. Furthermore recent analysis shows the emergence of a new generation of non-tariffs barriers, that are more difficult to identify and to deal with,\" he added.\u003cbr/\u003eHe said the G20 has underlined its commitment to combat protectionism, but measures that restrict trade continue to be imposed.\u003cbr/\u003e\"Recent analysis shows the emergence of a new generation of non-tariffs barriers, that are more difficult to identify and to deal with,\" he said.\u003cbr/\u003eMichael Zarin, Director of Vestas Group Government Relations, called on the G20 to initiate \"trade liberalisation negotiations\" on sustainable goods and services.\u003cbr/\u003eHe also warned of a rise of barriers on green trade across the globe.\u003cbr/\u003e\"Tariff and non-tariff barriers such as local content requirements slow down the adoption of green technologies, reduce competition, decrease innovation and raise prices,\" he said.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv 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