G20 countries did not support the U.S. initiative to limit current account balances to four percent of gross domestic product, presidential economic adviser Arkady Dvorkovich told journalists on Friday.
Last month, the United States put forward the idea of current account limits as a method to forestall a situation when imbalances can cause problems in the global trading system.
"The U.S. did not make this proposal again because it was not supported by the [G20] finance ministers," Dvorkovich said. "We think that pulling out one indicator from a number of others is inappropriate."
SEOUL, November 12 (RIA Novosti)
