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G20 Trade and Investment Working Group Holds an Extraordinary Virtual Meeting on COVID-19

On the evening of April 22, the Group of Twenty (G20) Trade and Investment Working Group held an extraordinary virtual meeting on COVID-19. Representatives from G20 members, guest countries such as Singapore, Spain, Jordan, and Switzerland, international organizations such as WHO, WTO, World Bank, International Monetary Fund, UNCTAD, and OECD, as well as representatives of the Summit of Business Leaders from the G20 Countries (B20) and the Summit of the Think Tanks from the G20 Countries (T20) participated in the meeting.

The meeting aimed to implement the consensus of the Extraordinary G20 Leaders鈥Summit on COVID-19 and the Extraordinary G20 Trade and Investment Ministers Meeting on COVID-19, and had in-depth discussions on the impact of the pandemic on international economic and trade development and G20's corresponding economic and trade measures. All parties generally believe that the G20 should strengthen policy coordination and take joint actions to effectively improve the facilitation of the flow of necessities, to avoid unnecessary trade barriers and to reduce the impact of the pandemic on the global industrial chains and supply chains. At the same time, they agreed to firmly support the multilateral trading system, maintain a good international trade and investment environment, and support vulnerable developing countries and least developed countries in order to lay a solid foundation for economic recovery.

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