"The prospects of sustained low interest rates in the advanced countries have contributed to a surge in capital flows to some emerging markets, putting upward pressures on exchange rates, creating overheating pressures, and carrying risks of increased vulnerabilities and reversals," said the communique.

Facing sluggish economic recovery and stubbornly high unemployment, some countries resort to protectionism to boost domestic job opportunities. G24 ministers reiterated their strong opposition to protectionist pressures in trade, finance, investment and labor services, and stressed the importance of resuscitating and reaching an early conclusion of the Doha Development Round.

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