G20 draft obtained by Bloomberg
The G20 statement agreed the current global trading system has flaws and needs reform, according to a draft obtained by Bloomberg
The statement omits mentions of protectionism but warns of threats to growth from geopolitics.
The current multilateral trading system is "falling short of its objectives and there is room for improvement," it says.
The overall tone of the statement caters to Trump and a senior White House official praised the document.
The full statement is expected to be approved by leaders later today.
