October 28, 2020
On the evening of October 28 (Wed.), 2020, an OECD Ministerial Council Meeting was held via video conference, and Mr. Munekiyo Kouichi, Parliamentary Vice-Minister of Economy, Trade and Industry, participated in a session on trade and investments. At the session, participants from OECD member countries held discussions on the subject “globalization and recovery” from the perspectives of: roles played by trade and investments, enhanced resilience and global value chains and the fostering of cooperation in international economies.
This OECD Ministerial Council Meeting upheld the theme “Path to Recovery: Strong, Resilient, Green and Inclusive” and participants from the member countries held discussions on a broad variety of goals aiming at recovery from the impacts of the novel coronavirus disease. The meeting was held via video conference, and Parliamentary Vice-Minister Munekiyo participated in a session on trade and investments held on the evening of October 28.
In his speech, he pointed out the need for urgently establishing new economic systems, targeting areas such as “digital technologies,” “fair global environments” and “sustainability,” through recovery from the crisis caused by the novel coronavirus disease, and based on this, he delivered future actions on which OECD member countries should focus: [i] accelerating discussions toward revision of the Privacy Guidelines based on the importance of the concept, “Data Free Flow with Trust (DFFT) ” and advancing rule making for digital economy through the Osaka Track Process, and [ii] enhancing cooperation toward efforts for addressing steel excess capacity based on the importance of securing a level playing field.
Division in Charge
International Economic Affairs Division, Trade Policy Bureau