G20 To Strengthen Trade And Investment Cooperation In The Five Fields Is Critical.

The second meeting of the G20 trade and investment working group was concluded on 5 October in Nanjing, Jiangsu. Wang Shouwen, Vice Minister of Commerce, called for strengthening the five fields of 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.

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

China therefore proposes to strengthen cooperation in the five fields: first, to strengthen G20 trade.

Construction is a powerful guarantee for G20 trade and investment cooperation; two is to develop G20's Global trade growth strategy and promote global trade growth; the three is to make more contributions to multilateral trade and to promote multilateral trade negotiations and discussions; four, to draw up a global investment policy without a guiding principle to improve the fragmentation of global investment policy; five, to develop a global strategic plan for capacity building, and to help developing countries and SMEs integrate into the global value chain and gain more benefits from it.

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.

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.