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  5. METI Minister Kajiyama Attends Second G20 Trade and Investment Ministerial Meeting via Video Conference

METI Minister Kajiyama Attends Second G20 Trade and Investment Ministerial Meeting via Video Conference

May 15, 2020

On the evening of May 14 (Thur.), 2020, Mr. Kajiyama Hiroshi, Minister of Economy, Trade and Industry, attended the Second G20 Trade and Investment Ministerial Meeting held via video conference as an extraordinary meeting. Participating ministers of the G20 member countries confirmed specific actions that each country will collaboratively tackle in addressing the novel coronavirus disease (COVID-19) and adopted a ministerial statement and an annex (“G20 Actions to Support World Trade and Investment in Response to COVID-19”).

This meeting was held in response to a call by Saudi Arabia, the 2020 G20 chair, for the purpose of holding discussions, in light of the results of the previous meeting on March 30, 2020, on approaches to curbing impacts of COVID-19 on the global economy, in particular, from the viewpoints of trade and investment policies, on specific actions that G20 member countries should collaboratively tackle for the short to long-term. The meeting was held via a video conference and Minister Kajiyama and Mr. Wakamiya Kenji, State Minister for Foreign Affairs, attended the meeting as representatives of Japan.

Participants in the meeting focused on the current situations of the global economy, still greatly suffering from the impacts of COVID-19, and, based on this, they held discussions on specific approaches that the G20 should take to strive to maintain economic activities. These approaches include promoting free trade and utilizing digital technologies. The importance of coordination of these actions was also confirmed.

In the ministerial statement, the ministers agreed on the following points.

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