The Latest: European officials see trade breakthrough at G20

In this photo released by the press office of the G20 Summit, leaders and their partners pose for a group photo prior to a gala dinner at the Colon Theater in Buenos Aires, Argentina, Friday, Nov. 30, 2018. Leaders from the Group of 20 industrialized nations are meeting in Buenos Aires for two days starting today. (G20 Press Office via AP)

BUENOS AIRES, Argentina – The Latest on the Group of 20 summit (all times local):

9:40 a.m.

European diplomats say all-night talks at the Group of 20 summit have resulted in a possible "breakthrough" on fixing the global trading system.

Despite deep divisions going into the summit and resistance from the U.S., European Union officials said Saturday that countries also are making progress on a final statement that will acknowledge problems with the World Trade Organization but commit to reforming it.

President Donald Trump has criticized the WTO and taken aggressive trade policies targeting China and the EU.

One EU official told reporters that the G-20 summit's final statement is likely to show 19 members supporting the Paris climate accord, with the U.S. stating its opposition to it.

The official said the U.S. delegation also held up discussion of how to manage refugees and migrants, but that the final statement is expected to mention the need to manage migration on a global level.

The officials spoke on condition of anonymity to discuss the ongoing closed-door discussions.

— Associated Press writer Angela Charlton

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4 a.m.

The Group of 20 summit is entering its crucial second and final day with hours left for diplomats to bridge divisions on major issues including world trade, climate change and tackling migration.

The day will also see a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping, whose nations have been embroiled in an escalating trade war with new U.S. tariffs on China goods set to take effect a month from now.

The divisions among the world's leading economies have been evident from the moment Argentina's president opened the summit Friday with a call for international cooperation to solve the planet's problems.