China News Agency, Beijing, May 15 (Reporter Li Xiaoyu) The Group of 20 (G20) held the second special video conference on trade ministers ’response to the new crown pneumonia on the evening of May 14, Beijing time. The meeting believed that international trade and investment should be put back on track .
The meeting proposed that the G20 leaders should continue to implement the consensus of the New Crown Pneumonia Special Summit, actively carry out economic and trade policy coordination and pragmatic cooperation, maintain the multilateral trading system, maintain open markets, enhance the resilience of the global supply chain, and support developing and least developed countries, Push international trade and investment back on track.
Affected by the new coronary pneumonia epidemic, the current global trade and investment are facing an impact. The WTO forecast in April that global trade will shrink by 13% to 32% this year, which may exceed the level of the 2008 international financial crisis. The UNCTAD believes that global foreign direct investment will fall by 30% to 40% this year.
Chinese Minister of Commerce Zhong Shan made three suggestions to all parties involved: strengthen unity and cooperation; maintain an open environment. Resolutely maintain the multilateral trading system, oppose unilateralism and protectionism, take joint measures to maintain market opening, and deepen policy coordination. Strengthen cooperation in macroeconomic policies, facilitate the necessary movement of personnel, and ensure the normal operation of international logistics and cross-border transportation to ensure the opening, stability, security, and smoothness of the global industrial chain supply chain.
The meeting was chaired by the chairman of Saudi Arabia, and through a ministerial statement, the G20 responded to the new coronary pneumonia and supported global trade and investment collective action. (Finish)