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G20 Trade Ministers’ Meeting Held in Tuskuba, Japan
Sources: Dahua | Date: 2019-06-14 | Views: 16893

On June 8-9, 2019, the G20 Trade Ministers’ Meeting was held in Tsukuba, Japan. It had a joint meeting with the Ministerial Meeting on Digital Economy at the same period. The meeting was co-chaired by Japan’s Minister of Economy, Trade and Industry Hiroshige Seko and Japan’s Minister of Foreign Affairs Taro Kono. Attending were G20 members and trade ministers or representatives of Singapore, Vietnam, Spain, the Netherlands, Chile, Egypt, Nigeria and Senegal, other WTO ministers, WTO Director-General Azevêdo, and representatives from international organizations such as UNCTAD, the World Bank, the IMF and the OECD. Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen, attended the meeting on behalf of Minister Zhong Shan and delivered a speech. China’s Ambassador to the WTO Zhang Xiangchen attended the meeting.

The conference focused on global trade development, optimizing business environment, trade and investment and sustainable and inclusive growth, WTO reform, trade and digital economy, and after the meeting a joint statement was issued, which made economic and trade preparations for the G20 Osaka Summit at the end of June. The participating parties unanimously recognized the positive contribution of the WTO to international trade, and said that they will jointly optimize the business environment and actively build a free, open, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, maintain open markets and constructively carry out the necessary WTO reforms. At the same time, all parties will strengthen the linkage between trade and the digital economy, actively carry out e-commerce capacity building and pragmatic cooperation, and give full play to the positive effects of trade and investment in the digital era on economic growth, employment, development and innovation. The conference also released a compilation of G20 about policy cases and business practices, aiming to promote inclusive and sustainable growth.

Wang Shouwen pointed out in his speech that the current spread of unilateralism and protectionism has seriously affected the multilateral trading system and aggravated global trade tensions, leading to a slowdown in trade and investment growth. G20 is the main platform for global economic cooperation. It should firmly oppose unilateralism and protectionism, jointly create a sound international trade and investment environment, and make positive contributions to building an open world economy. China supports the necessary reforms to the WTO and encourages all parties to: seize the opportunities brought by the digital economy; actively carry out digital interconnection and capacity building; help disadvantaged groups and small and medium-sized enterprises to enhance their ability to participate in the digital economy; share digital dividends. At present, China is committed to promoting market-oriented reforms and high-level opening up, focusing on stimulating the vitality of market players and continuously optimizing the business environment. China welcomes members to participate in the Second China International Import Expo and share the dividends of China's economic development.

During the meeting, Wang Shouwen held talks with the heads of some member delegations and the director-general of WTO.

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