World Economic Growth Is Still Weak And Global Trade Is Low.

After half a year's efforts, the G20 parties have reached a consensus on the plan of action for G20 to promote the implementation of the 2030 sustainable development agenda. We have clearly defined the principle of G20's cooperation in implementing the 2030 sustainable development agenda, and decided to carry out collective action around 15 areas, namely, infrastructure, human resources development, food security, energy, trade and investment, climate change, innovation and so on, which are closely related to the goals of sustainable development.

At the same time, G20 members also submitted a national action plan aimed at strengthening the exchange and sharing of experience in the implementation of the 2030 agenda for sustainable development in order to act effectively to contribute to global sustainable development.

Wang Shouwen said he hoped to provide strong support for all countries, especially developing countries, to achieve sustainable development by taking concrete actions.

Wang Shouwen, Vice Minister of Commerce, presented the news to the news media at the press conference of the G20 summit in Hangzhou.

Under the initiative of the Chinese side, G20 members also put forward two initiatives, one is to support industrialization in Africa and the least developed countries, the two is to promote inclusive commerce, and is expected to be approved at the summit.

"China expects to discuss trade and investment mechanisms with G20 members, improve global economic governance, and make efforts to build an open world economy and promote inclusive and sustainable development."

Wang Shouwen said.

"In this context, the international community is very much looking forward to G20's leadership, to solve the outstanding problems of Global trade, and to inject momentum into world economic growth.

The main task of G20 cooperation is also changing from crisis response to long-term governance, and the importance of trade and investment is highlighted.

Wang Shouwen said that in the field of trade and investment, the upcoming G20 Hangzhou summit is expected to achieve five important achievements.

First, approval of the "G20 trade and investment task force" will provide a long-term and stable mechanism for G20 to better play the role of global economic governance and promote trade and investment growth.

Second, approval.

The global trade growth strategy "is a direction for promoting the sustainable development of Global trade and economy.

The strategy has established 7 major cooperation pillars and action plans to reduce trade costs, strengthen trade and investment policy coordination, promote service trade, enhance trade financing, formulate trade climate index, promote e-commerce development, and promote trade and development.

Third, ratification of the G20 global investment guidelines will make a historic contribution to strengthening global investment policy coordination.

The guiding principle establishes 9 Principles: opposing cross-border investment protectionism, building an open, non discriminatory, pparent and predictable investment policy environment, and strengthening investment protection.

Fourth, firmly support the multilateral trading system and actively promote the Doha Round negotiations.

The summit will clearly oppose trade protectionism and agree to extend the commitment of not adopting new protectionist measures to the end of 2018; agree to enhance pparency of regional trade agreements; and promise that all G20 members will be approved by the end of 2016.

"Agreed to continue the negotiations on the remaining issues of the Doha round and open up new potential issues that are in line with the interests of all parties.

Fifth, comprehensive measures should be taken to help developing countries and SMEs integrate into the global value chain.

To promote better sharing of global dividends between developing countries and SMEs, the summit will agree to carry out capacity-building activities to promote inclusive and coordinated development of the global value chain and achieve balanced and sustainable global economic development.

He said, "in recent years, the growth rate of Global trade has been lower than the global economic growth for 4 consecutive years, indicating that the contribution of trade to economic growth is decreasing."

Meanwhile, although the multilateral Doha Round negotiations have made some achievements, they have not ended.

Trade agreements in some regions have stalled, and the anti globalization sentiment in some countries and regions has increased, leading to the rise of protectionism.

Therefore, G20 members recognize that strategies must be formulated.

Development contributes.

In terms of Global trade, there are many practical problems at present.

For example, e-commerce has developed rapidly, but different countries have different policies, how to promote the better development of e-commerce, the rapid growth of service trade, the further development of potential, the coordination of trade policies and investment policies, and so on.

"We expect the summit to be able to approve the G20 Global trade growth strategy, creating good conditions for Global trade growth."

Wang Shouwen said that in the field of trade and investment, if collective action is taken by G20 members, the promotion of trade growth will increase employment opportunities and reduce the level of poverty.