China'S Ministry Of Commerce Calls On G20 To Strengthen Trade And Investment Cooperation

The second meeting of the working group on Trade and investment was held on the 5 th.

At the end of Nanjing, Wang Shouwen, Vice Minister of Commerce, at the meeting called for strengthening the five major fields of cooperation in G20 mechanism construction, promoting global trade growth, supporting multilateral trading system, promoting global investment policy cooperation and coordination, and promoting inclusive and coordinated global value chain development.

Wang Shouwen said that the global business community has been calling on G20 to strengthen trade and investment cooperation.

G20 members account for about 85% of the world's gross domestic product, and trade accounts for nearly 80% of the world's total. It has the responsibility and ability to play an important role in promoting global trade growth.

China therefore proposes to strengthen cooperation in the five fields: first, strengthen the construction of G20 trade and investment mechanism.

To provide strong mechanism guarantee; two, to formulate G20 Global trade growth strategy and promote global trade growth; three, to contribute more to supporting multilateral trade bodies, to promote multilateral trade negotiations and discussions; four, to formulate a non binding guiding principle for global investment policy, to improve the fragmentation phenomenon of global investment policies; and five, to formulate a strategic plan for global value chain capacity-building so as to help developing countries and SMEs integrate into the global value chain and gain more benefits from it.

Jonathan Fred, CO chairman of the G20 Working Group on Trade and investment, believes that China has played a good leading role as the chairman of this year's G20. The focus of the G20 trade and Investment Working Group is to discuss what collective actions the member states should take to promote investment and increase trade, which is beneficial to all countries in the world.

It is understood that the G20 trade and investment working group was set up by China and held a working group meeting in Beijing, Nanjing and Shanghai.

G20 Member States, Spain, Holland, Singapore, New Zealand, Senegal, Egypt, Kazakhstan and other guest countries, as well as representatives of international organizations such as WTO, participated in the Nanjing conference.