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It is heartening to note that the World’s 20 top economies have reached an agreement to better regulate international financial markets and take steps to check the global economic downturn.

The G-20 meeting held in Washington last week is indeed a significant step forward to ensure free trade and greater equality among countries.

Incidentally, it also reinforces the fact that trade protectionism will aggravate the international economic crisis.

S. Ramakrishnasayee Ranipet

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