G20 Trade Ministers to discuss economic recovery

Jakarta, Sep 21 (Prensa Latina) In the midst of a critical energy situation, armed conflict and geopolitical trends, the Trade Ministers of the G20 group of central banks will examine today in this capital the economic recovery after Covid-19.

Another issue on the agenda points to the reform of the World Trade Organization (WTO), which has been discussed for some time.

The headlines began to arrive during this day to the Indonesian island of Bali for the reception by the authorities and the multilateral sessions will take place on Thursday and Friday.

According to a statement from the Spanish Ministry of Industry, Trade and Tourism, the ministers will negotiate measures to support the strengthening of the multilateral trading system with a view to seeking a stronger and more collaborative global recovery after the pandemic (despite the fact that its outbreaks remain latent in the world).

At the meeting, Trade ministers will pay special attention to the needs of the most vulnerable amid challenges such as food and energy security, something that some voices question as inefficient treatment.

The reform of the WTO, an objective set in 2021 by the G20, will seek to promote open, transparent and fair trade, according to the documents in the folder.

While another objective will be to include micro, small and medium-sized enterprises (MSMEs) in global value chains.

The G20 meeting takes place amid tensions over the conflict in Ukraine, triggering an increase in energy prices, and the zero Covid policy in China.

On September 26, the forum organized in Bali by the World Travel and Tourism Council (WTTC) will be held, where they will discuss the collaboration of the public and private sectors in the recreational sector.

On September 26 and 27, the G20 Tourism Ministers’ meeting will take place, where the recovery and its role as a vehicle for economic rescue, among other issues, will be discussed.

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