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

September 23, 2020

On the evening of September 22 (Tue.), 2020, Mr. Kajiyama Hiroshi, Minister of Economy, Trade and Industry, attended the G20 Trade and Investment Ministerial Meeting held via video conference. Participating ministers of the G20 member countries held discussions on G20 cooperation as it relates to the current situations of global trade and investment and adopted a ministerial statement.

At this meeting, the G20 ministers held discussions on a wide variety of issues related to the current situation of global trade and investment, following the outcomes of the two past extraordinary meetings in March and May 2020. This meeting was held via video conference, and Minister Kajiyama and Mr. Shikata, Director-General, Economic Affairs Bureau, Ministry of Foreign Affairs, attended the meeting.

At the meeting, the ministers held discussions on maintaining and enhancing the multilateral trading system, facilitating the rule-making on digital economy and securing level playing field, which had also been continuously discussed in the past G20 meetings. In addition, they discussed topics on which Saudi Arabia, the 2020 G20 chair, is particularly interested in, e.g., boosting the international competitiveness of Micro, Small and Medium-sized Enterprises (MSMEs), fostering economic diversification, and strengthening international investment. As a result of the discussions, they adopted a ministerial statement.

Moreover, the ministers compiled the “Chair’s Summary of the Exchange of Views under the Riyadh Initiative on the Future of the WTO” (Annex 1), a document prepared by the Chair of the Trade and Investment Working Group as part of his responsibilities toward the WTO reform. This document will be shared among all WTO members through the General Council of the WTO.

The ministerial statement that the ministers adopted mainly includes the following points.

WTO reform

Digital

Securing a level playing field

Other points

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