The leaders, however, did not provide any details of possible WTO reforms or how dialogue on trade was being increased
G20 meeting comes after Trump administration announced additional tariffs on imported steel, aluminium and threatened to impose broad tariffs against Chinese imports
G20 should focus on crucial financial sector topics
But no breakthrough is possible until the US negotiating team is formed
Trump has already torn up a trans-Pacific free trade pact
It will focus on ction to combat food loss and waste, and information and communication technologies
G20 calls for global forum to address excess steel capacity; Commits to rolling back protectionist measures by end-2018
The two-day gathering in the scenic Chinese city of Hangzhou agreed to oppose protectionism
Modi said fighting corruption, blackmoney and tax-evasion were central to effective financial governance
They held discussions on enhancing bilateral ties in the aftermath of the UK's decision to exit the European Union
The Indian PM spoke to Chinese President Xi Jinping about India's concerns over terrorism from Pakistan through which a China-Pakistan Economic Corridor is being built
G20 leaders are likely to renew their promises to use tax and spending policies to invigorate the sluggish world economy
Chinese Foreign Ministry spokesman said voices of developing countries will be heeded during the summit to be held from Sept 4-5
The other important aspect will be Prime Minister Narendra Modi's bilateral meetings with various world leaders
The 11th summit will be held from September 4-5
Niti Aayog Vice-Chairman Arvind Panagariya also said that the railways Budget might be merged with the general Budget next year
Backsliding oil prices though held back commodity firms and emerging market stocks
Global uncertainty on the back of Brexit dominated talks at the G20 finance ministers' meet
US Treasury Secretary Jacob J Lew highlighted that Brexit has escalated the importance of growth that is inclusive
US Treasury's Lew says now is the time to redouble efforts on economy